Why Lattice Semiconductor Shares Jumped

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Lattice Semiconductor (NASDAQ: LSCC  ) have jumped today by as much as 22% after the company reported better-than-expected earnings.

So what: Revenue in the fourth quarter came in at $65.9 million, which was down 6.1% from the prior year, but in line with forecasts. That resulted in a net loss of $0.06 per share, which topped the consensus estimate of a $0.07-per-share loss.

Now what: The company also provided outlook, expecting revenue in the first quarter to decline 2% to 4% sequentially with gross margin of 54%, plus or minus 2%. Operating expenses should be roughly $35.5 million. Following up the results, shares received an upgrade from Craig-Hallum, which boosted its rating from neutral to buy along with a price target of $5.

Interested in more info on Lattice Semiconductor? Add it to your watchlist by clicking here.

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  • Report this Comment On January 25, 2013, at 5:18 PM, JAVKO wrote:

    Does anyone find it absurd that a Co making a loss Q after Q, provides lower outlook goes up > 11% and AAPL gets hammered? Unbelievable!

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