Lattice Semiconductor Q3 Profit Tops Estimate; Revenue Falls Short

(RTTNews) - Lattice Semiconductor Corp. (LSCC) reported net income for the third quarter of $9.4 million or $0.08 per share, compared to $8.8 million or $0.08 per share for the year-ago quarter.

Revenue for the third quarter fell 0.7% to $86.6 million from $87.2 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.06 per share on revenue of $89.37 million for the third quarter.

Looking forward, the company expects fourth quarter revenue to be about flat to down 4% sequentially. Gross margin for the fourth quarter is expected to be about 57% plus or minus 2%.