From Nasdaq.: 2024-07-29 17:15:06

Lattice Semiconductor (LSCC) reported quarterly earnings of $0.23 per share, missing expectations. The company’s revenues for June 2024 were $124.08 million, 4.59% below estimates. LSCC shares have dropped 20.2% this year. Advanced Micro Devices (AMD) is expected to release earnings soon, with projected earnings of $0.67 per share and revenues of $5.71 billion.

Investors are waiting to see how Lattice Semiconductor and Advanced Micro Devices will perform in the semiconductor industry. The Zacks Rank for LSCC is #3, indicating a Hold rating. Consensus estimates for LSCC predict $0.30 EPS and $142.43 million revenue for the next quarter. The industry rank for Electronics – Semiconductors is currently in the top 39%.

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Read more at Nasdaq.: Lattice Semiconductor (LSCC) Q2 Earnings and Revenues Miss Estimates