Join        Login             Stock Quote

Lattice Semiconductor (LSCC) Cuts Q4 Revenue Forecast On Market Weakness

 December 12, 2012 04:22 PM

(By Balaseshan) Lattice Semiconductor (NASDAQ: LSCC) said it has lowered revenue outlook for the fourth quarter citing weakness in the communications market.

The Hillsboro, Oregon-based programmable logic products developer updated its fourth quarter revenue forecast to reflect weakness in the communications market combined with continued weakness in the worldwide distribution channel. Guidance remains unchanged for gross margin and total operating expenses.

The company now expects fourth quarter revenue to decline about 6% to 8% on a sequential basis, while Street predicts a revenue growth of 1.10%. Previously, Lattice had expected revenue to be about plus or minus 2% on a sequential basis.

[Related -Why I Remain Bullish On Ezchip Semiconductor]

Gross margin percentage is anticipated to be approximately 53% plus or minus 2%, unchanged from prior guidance.

Total operating expenses are predicted to be about $43 million, including approximately $5.5 million in restructuring charges. This is unchanged from prior guidance.

No conference call will be held in conjunction with this guidance update. The company will release additional information when it reports fourth quarter results.

Lattice Semiconductor designs, develops, manufactures, and markets programmable logic products and related software. The company participates in both the field programmable gate arrays (FPGA) and programmable logic devices (PLD) markets.

LSCC closed Wednesday's regular session down 1.86% at $4.23. The stock has been trading between $3.16 and $7.12 for the past 52 weeks.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageEmerging-Markets Stocks Took The Lead Last Week

Emerging-markets equities enjoyed a solid rise last week among the major asset classes, based on a set of read on...

article imageDoes Your Latest Investment Pass This Test?

On Wednesday, I sounded the alarm about the problems looming for some consumer staples stocks. In short, read on...

article imageIs The Slump In US Manufacturing Easing?

Yesterday’s November survey data from the Philadelphia Fed hints at the possibility that a stronger trend read on...

article imageMarket Potentially Facing Near Term Technical Headwinds

After the S&P 500 Index pullback on Thursday and Friday last week, the market's advance on Monday and read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.