U.S. Markets closed
  • S&P 500

    3,638.35
    +8.70 (+0.24%)
     
  • Dow 30

    29,910.37
    +37.90 (+0.13%)
     
  • Nasdaq

    12,205.85
    +111.44 (+0.92%)
     
  • Russell 2000

    1,855.27
    +10.25 (+0.56%)
     
  • Crude Oil

    45.53
    -0.18 (-0.39%)
     
  • Gold

    1,788.10
    -23.10 (-1.28%)
     
  • Silver

    22.64
    -0.81 (-3.44%)
     
  • EUR/USD

    1.1970
    +0.0057 (+0.4788%)
     
  • 10-Yr Bond

    0.8420
    -0.0360 (-4.10%)
     
  • Vix

    20.84
    -0.41 (-1.93%)
     
  • GBP/USD

    1.3314
    -0.0042 (-0.3169%)
     
  • USD/JPY

    104.0850
    -0.1650 (-0.1583%)
     
  • BTC-USD

    17,714.72
    +529.38 (+3.08%)
     
  • CMC Crypto 200

    333.27
    -4.23 (-1.25%)
     
  • FTSE 100

    6,367.58
    +4.65 (+0.07%)
     
  • Nikkei 225

    26,644.71
    +107.40 (+0.40%)
     

Lattice: 3Q Earnings Snapshot

·1 min read

HILLSBORO, Ore. (AP) _ Lattice Semiconductor Corp. (LSCC) on Tuesday reported third-quarter net income of $12.6 million.

On a per-share basis, the Hillsboro, Oregon-based company said it had net income of 9 cents. Earnings, adjusted for one-time gains and costs, were 19 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.

The chipmaker posted revenue of $103 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $101 million.

For the current quarter ending in December, Lattice said it expects revenue in the range of $99 million to $107 million.

Lattice shares have climbed 79% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $34.31, an increase of 79% in the last 12 months.

_____

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