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Semtech (NASDAQ:SMTC) Surprises With Q4 Sales, Stock Jumps 10.1%
Semiconductor company Semtech (NASDAQ:SMTC) reported Q4 CY2023 results beating Wall Street analysts' expectations, with revenue up 15.2% year on year to $192.9 million. Guidance for next quarter's revenue was also optimistic at $200 million at the midpoint, 2.4% above analysts' estimates. It made a non-GAAP loss of $0.06 per share, down from its profit of $0.47 per share in the same quarter last year.
Oxford Industries (NYSE:OXM) Misses Q4 Revenue Estimates, Stock Drops
Fashion conglomerate Oxford Industries (NYSE:OXM) fell short of analysts' expectations in Q4 CY2023, with revenue up 5.7% year on year to $404.4 million. Next quarter's revenue guidance of $405 million also underwhelmed, coming in 2.1% below analysts' estimates. It made a non-GAAP profit of $1.90 per share, down from its profit of $2.28 per share in the same quarter last year.
Torrid's (NYSE:CURV) Q4 Sales Beat Estimates, Stock Jumps 22.4%
Women’s plus-size apparel retailer Torrid Holdings (NYSE:CURV) reported Q4 CY2023 results topping analysts' expectations, with revenue down 2.6% year on year to $293.5 million. On the other hand, next quarter's revenue guidance of $279.5 million was less impressive, coming in 5.7% below analysts' estimates. It made a GAAP loss of $0.04 per share, improving from its loss of $0.04 per share in the same quarter last year.