Yahoo Finance Lattice Semiconductor First Quarter 2024 Earnings: EPS Misses Expectations
Lattice Semiconductor (NASDAQ:LSCC) First Quarter 2024 Results
Key Financial Results
Revenue: US$140.8m (down 24% from 1Q 2023).
Net income: US$14.8m (down 74% from 1Q 2023).
Profit margin: 11% (down from 30% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$0.11 (down from US$0.41 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lattice Semiconductor EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 46%.
Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in the US.
Performance of the American Semiconductor industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Lattice Semiconductor (1 makes us a bit uncomfortable!) that you need to take into consideration.
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