Published on 13 Feb 2024 on Zacks via Yahoo Finance
Lattice Semiconductor (LSCC) Q4 Earnings Meet, Revenues Dip Y/Y
Lattice Semiconductor Corporation LSCC delivered fourth-quarter 2023 non-GAAP earnings of 45 cents per share, in line with the Zacks Consensus Estimate. The bottom line declined 8.2% on a year-over-year basis.Revenues of $170.6 million missed the Zacks Consensus Estimate of $176.3 million. The top line decreased 3% year over year.Weakness in the communications and computing end-market led to a year-over-year decline in the top line. The sluggish consumer market was another concern.Nevertheless, strong momentum across the industrial and automotive end market was a positive.
Lattice Semiconductor Corporation Price, Consensus and EPS Surprise