Previous Close | 76.86 |
Open | 75.50 |
Bid | 68.45 x 300 |
Ask | 70.00 x 300 |
Day's Range | 68.20 - 78.85 |
52 Week Range | 51.96 - 98.30 |
Volume | |
Avg. Volume | 2,178,773 |
Market Cap | 9.435B |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | 43.97 |
EPS (TTM) | 1.56 |
Earnings Date | Jul 29, 2024 - Aug 02, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 76.73 |
Shares of semiconductor designer Lattice Semiconductor (NASDAQ:LSCC) fell 8.5% in the afternoon session after the company reported first quarter results. The quarter itself was fine: Revenue beat by about 0.5%, operating income beat by 1.5%, and EPS beat by a penny. Guidance is what is causing weakness in the stock. Both revenue and implied operating profit guidance for the next quarter were below. The weakness seems to be caused by inventory destocking headwinds in communications infrastructure
Q1 2024 Lattice Semiconductor Corp Earnings Call
Amidst declining revenues and margins, Lattice Semiconductor outlines strategic initiatives and product innovations to bolster future growth.