Lattice Semiconductor Corp. Reports 10% Retreat In Q3 Earnings

(RTTNews) - Lattice Semiconductor Corp. (LSCC) revealed earnings for third quarter that dropped compared to the same period last year.

The company said its earnings totaled $5.33 million, or $0.04 per share. This was down from $5.95 million, or $0.05 per share, in last year's third quarter.

Analysts had expected the company to earn $0.01 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 18.8% to $91.97 million. This was down from $113.23 million last year.

Lattice Semiconductor Corp. earnings at a glance:

-Earnings (Q3): $5.33 Mln. vs. $5.95 Mln. last year. -Earnings Decline (Y-o-Y): -10.4% -EPS (Q3): $0.04 vs. $0.05 last year. -EPS Decline (Y-o-Y): -20.0% -Analysts Estimate: $0.01 -Revenue (Q3): $91.97 Mln vs. $113.23 Mln last year. -Revenue Change (Y-o-Y): -18.8%

-Guidance: Next quarter revenue guidance: $92 - $97 Mln