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Published: February 12, 2024 at 4:35 PM ET
Lattice Semiconductor’s LSCC shares fell 8% in after-hours trading Monday after the company announced a decline in quarterly sales and gave a weak sales outlook. Lattice Semiconductor reported fiscal fourth quarter net income of $98.7 million, or 72 cents per share. This compares to net income of $51.9 million, or 38 cents per share, in the year-ago period. Sales decreased 3% to $170.6 million from $176 million in the same period last year. Analysts surveyed by FactSet had expected, on average, net income of 45 cents per share and revenue of $176.2 million. Lattice Semiconductor provided first quarter sales guidance…
Lattice Semiconductor Company
LSCC
Shares fell 8% in after-hours trading Monday after the company announced a decline in quarterly sales and gave a weak sales outlook. Lattice Semiconductor reported fiscal fourth quarter net income of $98.7 million, or 72 cents per share. This compares to net income of $51.9 million, or 38 cents per share, in the year-ago period. Sales decreased 3% to $170.6 million from $176 million in the same period last year. Analysts surveyed by FactSet had expected, on average, net income of 45 cents per share and revenue of $176.2 million. Lattice Semiconductor expected first-quarter sales of $130 million to $150 million, while FactSet analysts expected sales of $174.4 million. Lattice Semiconductor stock has fallen 14% this year, and the S&P 500 index has fallen overall.
SPX
Increased by 21%.
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