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Home » Lattice stock sinks 13% after company’s weaker outlook
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Lattice stock sinks 13% after company’s weaker outlook

News RoomBy News RoomOctober 31, 20230 Views0
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Shares of Lattice Semiconductor Corp. LSCC dropped more than 13% in the extended session Monday after the company beat Wall Street expectations for its third quarter but called for lower current-quarter sales. Lattice earned $54 million, or 38 cents a share, in the third quarter, compared with $46 million, or 33 cents a share, in the year-ago period. Adjusted for one-time items, the company earned 53 cents a share. Sales rose 11% to $192 million. Analysts polled by FactSet expected adjusted earnings of 52 cents a share on sales of $192 million. “Today Lattice has the strongest product portfolio in our 40-year history…

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