Lattice Semiconductor (LSCC) Tops Q2 EPS by 3c; Guides Above
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August 4, 2021 9:10 AM EDT
Shares of Lattice Semiconductor (NASDAQ: LSCC) are up about 1% in pre-open Wednesday after the companys Q2 results topped markets expectations.
LSCC reported adjusted earnings of $35.2 million or $0.25 per share on sales of $125.9 million for Q2 to beat the analyst estimates of $0.22 per share.
We drove 25% year-over-year revenue growth, with a 49% expansion in non-GAAP net income year-over-year. Strong revenue growth was driven by double-digit growth in each of our market segments based on the strength of our market leading portfolio. We are excited to be in a new growth phase, with... More
August 4, 2021 6:54 AM EDT
Rosenblatt analyst Hans Mosesmann raised the price target on Lattice Semiconductor (NASDAQ: LSCC) to $68.00 (from $62.00) while maintaining a Buy rating.
The analyst commented, "Another beat and raise for Lattice driven by two of three market segments, Communications & Compute and Industrial & Automotive. Lattices... More
