Lattice Semiconductor Trims Q4 Guidance

Lattice Semiconductor (NASDAQ: LSCC  ) has updated revenue guidance for its current fourth quarter, the company announced in a press release Wednesday. It now expects revenue in the quarter will decline by 6%-8% from Q3. Previously, the company had anticipated either a drop or gain of around 2%.

The revised guidance would put Q4's top line at $65.2 million-$66.6 million. Lattice reported Q3 revenues of $70.9 million.

The company said it is maintaining its existing guidance on gross margin percentage and total operating expenses. The former is expected to come in at around 53% plus or minus two percentage points; the latter, $43 million (including roughly $5.5 million for restructuring charges).

Lattice's fourth quarter will close on Dec. 29. It said the revised guidance reflects "weakness in the communications market combined with continued weakness in the worldwide distribution channel."

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2153171, ~/Articles/ArticleHandler.aspx, 4/21/2014 8:15:35 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement