logo
  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
Advertisement

Advertisement


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

rss feed

Latest Stories

article imageFord Motor Company (F) Q2 Earnings Preview: Light on the Top Line?

Ford Motor Company (NYSE:F) will release its preliminary second quarter 2014 results at 6:30 a.m. EDT read on...

article imageTripadvisor Inc. (TRIP) Q2 Earnings Preview: On Target Enough?

Tripadvisor Inc. (NASDAQ:TRIP) will release its second quarter financial results after market close on read on...

article imageFacebook Inc. (FB) Q2 Earnings Preview: Scoring Big on the World Cup

Facebook Inc. (NASDAQ:FB) will post its second-quarter 2014 financial results after the market close on read on...

article imageThe Boeing Company (BA) Q2 Earnings Preview: Durable Earnings Beater

The Boeing Company (NYSE:BA) will publish its second-quarter financial results before the open of the read on...

Advertisement
Popular Articles

Advertisement
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.