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FX.co ★ Lattice Semiconductor Corp. Q4 Profit Increases, beats estimates

Lattice Semiconductor Corp. Q4 Profit Increases, beats estimates

Lattice Semiconductor Corp. (LSCC) announced increased profits for its fourth quarter that surpassed market predictions. The company's profits rose to $98.7 million, equivalent to $0.71 per share, from $51.9 million or $0.37 per share from the same period the previous year.

When discounting separate items, LSCC reported adjusted earnings of $62.8 million or $0.45 per share for the duration of the quarter. Analysts had been expecting the company to earn $0.44 per share on average, according to Thomson Reuters' compiled data, generally excluding unique items.

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However, Lattice Semiconductor Corp.'s quarter revenue saw a 3.1% decrease from last year, going down to $170.6 million from a previous $176.0 million.

To provide a snapshot of Lattice Semiconductor Corp.'s earnings (using GAAP), the company made $98.7 million for Q4 compared to $51.9 million last year. The EPS for Q4 was $0.71 compared to last year's $0.37. Analysts had estimated $0.44. The company had a Q4 revenue of $170.6 million compared to $176.0 million last year.

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