Shares of Semtech Corp (NASDAQ:SMTC) rose sharply in pre-market trading after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.
Semtech reported quarterly earnings of 51 cents per share, which beat the consensus estimate of 45 cents, according to Benzinga Pro data. Quarterly revenue came in at $291 million, which beat the analyst consensus estimate of $283.45 million and was up from $251.1 million in the same period last year.
Semtech shares jumped 7% to $175.99 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
