Lattice Semiconductor Corp. (LSCC) revealed earnings for second quarter that decreased from the same period last year and missed the Street estimates.
The company’s bottom line came in at $22.6 million, or $0.16 per share. This compares with $50.6 million, or $0.36 per share, in last year’s second quarter.
Excluding items, Lattice Semiconductor Corp. reported adjusted earnings of $31.4 million or $0.23 per share for the period.
Analysts on average had expected the company to earn $0.24 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter fell 34.7% to $124.1 million from $190.1 million last year.
Lattice Semiconductor Corp. earnings at a glance (GAAP) :
-Earnings (Q2): $22.6 Mln. vs. $50.6 Mln. last year.
-EPS (Q2): $0.16 vs. $0.36 last year.
-Revenue (Q2): $124.1 Mln vs. $190.1 Mln last year.
-Guidance:
Next quarter revenue guidance: $117-$137 mln
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