Invesing.com -- Lattice Semiconductor reported Monday fourth-quarter revenue and guidance for the current-quarter that topped Wall Street expectations.

Lattice (OTC: LTTC) Semiconductor Corporation (NASDAQ: LSCC) was up 10% in afterhours trading following the report.

For the three months ended Dec. 28, the company reported earnings of $0.15 per diluted share on revenue of $117.4 million, compared with estimates for $0.19 on revenue of $117.09 million.

"We achieved record design wins, significantly reduced operating expenses, and delivered a strong 31.8% adjusted EBITDA margin in 2024,” said Ford (NYSE: F) Tamer, Chief Executive Officer.

Looking ahead to Q1, the company expects adjusted EPS between $0.20 and $0.24 per share on revenue of $115M to $125M. That is ahead of analysts' forecasts for adjusted EPS of $0.21 on revenue of $118.8M.