: Lattice Semi stock slips after earnings beat, outlook
Lattice Semiconductor LSCC shares fell in the extended session Monday after the programmable logic chipmaker topped Wall Street expectations for the quarter but issued a barely in-line outlook. Lattice shares fell as much as 4% after hours, following a 0.1% decline in the regular session to close at $90.94. The company reported second-quarter net income of $50.6 million, or 36 cents a share, compared with $44.5 million, or 32 cents a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were 52 cents a share, compared with 42 cents a share in the year-ago period. Revenue rose to $190.1 million from $161.4 million in the year-ago quarter. Analysts surveyed by FactSet had forecast 51 cents a share on revenue of $188.2 million. Lattice forecast third-quarter revenue of $187 million to $197 million, while analysts had estimated $191.9 million.
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