Lattice Semiconductor Corp. (LSCC) has announced its third-quarter earnings, which have seen a decline compared to the same period last year, aligning with Wall Street projections.
The company reported a net income of $7.2 million or $0.05 per share for this quarter. In comparison, last year's third quarter reflected a net income of $53.8 million, or $0.38 per share.
Adjusting for certain items, Lattice Semiconductor Corp. posted earnings of $32.5 million or $0.24 per share during this period, in line with analyst expectations of $0.24 per share, as compiled by Thomson Reuters. These estimates typically do not consider special items.
Revenue for the quarter experienced a 33.9% decrease, totaling $127.1 million compared to $192.2 million in the previous year.
Here is a summary of Lattice Semiconductor Corp.'s earnings based on Generally Accepted Accounting Principles (GAAP):
- Earnings for Q3: $7.2 million versus $53.8 million last year.
- Earnings per Share (EPS) for Q3: $0.05 compared to $0.38 last year.
- Revenue for Q3: $127.1 million versus $192.2 million last year.
**Guidance for the Next Quarter**:
- Expected EPS: $0.15 - $0.23
- Projected Revenue: $112 million to $122 million.
