Lattice Semiconductor Reports Second Quarter of 2018 Results
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July 27, 2018 11:45 AM EDT
Baird raised its price target on Lattice Semiconductor (NASDAQ: LSCC) to $8.00 (from $6.00) while maintaining a Neutral rating.
Analyst Tristan Gerra commented, "New management team is working on deleveraging the balance sheet, reducing channel inventories, while Lattice's now higher gross margin profile benefits... More
July 27, 2018 9:03 AM EDT
Susquehanna raised its price target on Lattice Semiconductor (NASDAQ: LSCC) to $7.00 (from $6.00) while maintaining a Neutral rating.
Analyst Christoper Rolland commented, "While top-line results/guide werent perfect, gross margin expansion and opex controls drive leverage in the model. We applaud Glen Hawks... More
July 26, 2018 4:02 PM EDT
Lattice Semiconductor (NASDAQ: LSCC) reported Q2 EPS of $0.10, $0.05 better than the analyst estimate of $0.05. Revenue for the quarter came in at $102.72 million versus the consensus estimate of $100.04 million.
Second Quarter 2018 Highlights:
Company continues to execute on business strategy; delivers improved results with revenue at $102.7 millionGross Margin of 48.9% on a GAAP basis and 57.2% on a non-GAAP basisGross Margin on a GAAP basis adversely impacted by impairment charges related to discontinuation of non-core millimeter wave businessNet Loss of $0.16 per share on a GAAP basis and Net Income of $0.10 per...
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