Lattice: 2Q Earnings Snapshot
HILLSBORO, Ore. (AP) _ Lattice Semiconductor Corp. (LSCC) on Tuesday reported second-quarter net income of $8.6 million, after reporting a loss in the same period a year earlier.
The Hillsboro, Oregon-based company said it had net income of 6 cents per share. Earnings, adjusted for amortization costs and stock option expense, came to 15 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The chipmaker posted revenue of $102.3 million in the period.
For the current quarter ending in October, Lattice said it expects revenue in the range of $101 million to $105 million.
Lattice shares have more than doubled since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.29, more than doubling in the last 12 months.