Lattice Semiconductor Stock Falls On Worse-Than-Expected Q2 Results
Portfolio Pulse from Erica Kollmann
Lattice Semiconductor Corporation (NASDAQ:LSCC) shares fell after reporting worse-than-expected Q2 results. The company missed both earnings and sales estimates, with earnings per share at 23 cents and sales at $124.076 million. This represents significant declines from the same period last year. The company cited cyclic industry headwinds but remains optimistic about long-term growth.
July 29, 2024 | 8:23 pm
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Lattice Semiconductor reported Q2 earnings of 23 cents per share, missing the analyst estimate of 24 cents. Sales were $124.076 million, below the expected $130.172 million. Shares fell 10.39% after-hours.
The company's earnings and sales both missed analyst estimates, leading to a significant after-hours drop in share price. The substantial year-over-year declines in both metrics further contribute to the negative sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100