Lattice Semiconductor Sees Q2 Revenue $120M-$140M vs $140.46M Est.,
Portfolio Pulse from Benzinga Newsdesk
Lattice Semiconductor projects its Q2 revenue to be between $120M-$140M, which is below the estimated $140.46M.
April 29, 2024 | 8:15 pm
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NEGATIVE IMPACT
Lattice Semiconductor's Q2 revenue projection falls short of the estimated $140.46M, indicating potential downward pressure on its stock price.
Revenue forecasts are critical indicators of a company's financial health and future performance. A projection that falls short of market expectations can lead to negative investor sentiment and a decrease in stock price. Given that Lattice Semiconductor's forecast is below the estimated revenue, it is likely to cause concern among investors and potentially lead to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100