On May 30, semiconductor maker Semtech
- Though sales and profits were down year-over-year, they were up sequentially. That, along with an optimistic second-quarter forecast, has the stock up 9% in afternoon trading.
- Management is looking for Q2 sales to rise 3%-5%, and EPS in the range of $0.09 to $0.10.
- The stock rates an above-average four stars in Motley Fool CAPS.
(Figures in thousands, except per-share data.)
Income Statement Highlights
|
Q1 2008 |
Q1 2007 |
Change |
|
|---|---|---|---|
|
Sales |
$60,566 |
$65,943 |
(8.2%) |
|
Net Profit |
$7,931 |
$11,757 |
(32.5%) |
|
EPS |
$0.11 |
$0.16 |
(31.3%) |
|
Diluted Shares |
73,593 |
74,715 |
(1.5%) |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2008 |
Q1 2007 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
54.9% |
57.5% |
(2.6) |
|
Operating Margin |
7.6% |
17.5% |
(9.9) |
|
Net Margin |
13.1% |
17.8% |
(4.7) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2008 |
Q1 2007 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$290,372 |
$227,275 |
27.8% |
|
Accounts Rec. |
$24,961 |
$28,167 |
(11.4%) |
|
Inventory |
$20,424 |
$25,533 |
(20.0%) |
|
Liabilities |
Q1 2008 |
Q1 2007 |
Change |
|---|---|---|---|
|
Accounts Payable |
$12,421 |
$10,204 |
21.7% |
The balance sheet reflects the company's health.
Cash Flow Highlights
Management still doesn't have its act together enough to provide a cash flow statement with earnings.
Free cash flow is a Fool's best friend.
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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
