From Investing.com: 2024-04-28 08:01:30

Semiconductor designer Lattice Semiconductor will report earnings tomorrow. Last quarter, it missed revenue expectations by 3.3%, with revenues down 3% year on year. Analysts expect this quarter’s revenue to decline by 23.9% to $140.2 million, with adjusted earnings at $0.28 per share.

Looking at peers like Intel and SMART in the semiconductor sector, Intel saw 8.6% revenue growth while SMART reported a 26.7% decline, with both stocks dropping post-results. Lattice Semiconductor’s stock price has declined 2.8% in the last month, with an average analyst price target of $75.7 compared to the current price of $75.8.



Read more at Investing.com: Everything You Need To Know Ahead Of Earnings By Stock Story