Lattice: Q4 Earnings Snapshot

HILLSBORO, Ore. (AP) — HILLSBORO, Ore. (AP) — Lattice Semiconductor Corp. (LSCC) on Monday reported fourth-quarter net income of $98.7 million.

On a per-share basis, the Hillsboro, Oregon-based company said it had profit of 71 cents. Earnings, adjusted for one-time gains and costs, were 45 cents per share.

The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 45 cents per share.

The chipmaker posted revenue of $170.6 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $176.3 million.

For the year, the company reported profit of $259.1 million, or $1.85 per share. Revenue was reported as $737.2 million.

For the current quarter ending in March, Lattice said it expects revenue in the range of $130 million to $150 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LSCC at https://www.zacks.com/ap/LSCC

 

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