Lattice Semiconductor has experienced a decline in their stock prices following the release of their financial results for the final quarter of 2023 and their revenue forecast for the first quarter of 2024. These results fell short of what analysts had anticipated. In the fourth quarter of 2023, the company reported a revenue of $170.6 million, accompanied by a GAAP gross margin of 69.7% and a GAAP net income of $0.71 per diluted share. However, the non-GAAP diluted earnings were $0.45 per share, representing a decrease from the previous year’s $0.49 per share. Looking ahead, Lattice Semiconductor has projected a revenue of $140 million for the upcoming quarter, which is approximately 19.7% lower than what analysts had predicted. This downward revision is primarily attributed to weakened demand from their end customers across various markets and an expected decline compared to the previous quarter.
Lattice Semiconductor Corporation (LSCC) Stock Performance: Mixed Results on February 13, 2024
Lattice Semiconductor Corporation (LSCC) experienced mixed stock performances on February 13, 2024. The stock witnessed an increase of $1.26 since the market last closed, representing a rise of 1.81%. However, LSCC faced a setback in pre-market trading, dropping by $5.34. It is important to note that pre-market trading does not always accurately reflect the stock’s performance during regular trading hours. As of the last closing price, LSCC was valued at $71.00. Investors should consider various factors before making any investment decisions and consult with a financial advisor.
LSCC Stock Shows Steady Performance with Increased Revenue and Net Income in 2024
LSCC Stock Performs Steadily on February 13, 2024
On February 13, 2024, LSCC stock showcased a stable performance, reflecting the company’s consistent financial results. Lattice Semiconductor Corporation (LSCC) reported total revenue of $737.15 million for the past year, with a quarterly revenue of $170.60 million. The company experienced an 11.63% increase in total revenue compared to the previous year, but faced an 11.23% decrease in revenue since the previous quarter.
LSCC’s net income remained robust, with a net income of $259.06 million for the past year and a quarterly net income of $98.71 million. This represents a significant 44.82% increase in net income compared to the previous year. LSCC also maintained a steady net income since the previous quarter.
Earnings per share (EPS) was $1.85 for the past year, indicating a 45.73% increase compared to the previous year. However, the EPS remained flat since the previous quarter, with a reported value of $0.71.
Overall, LSCC showcased a stable performance on February 13, 2024, with consistent growth in total revenue and net income compared to the previous year. Despite a slight decline in quarterly revenue, the company’s net income remained strong. The significant year-over-year increase in EPS indicates positive growth for LSCC.
Investors and market analysts will likely find these financial results encouraging, as they demonstrate LSCC’s ability to generate consistent revenue and profitability. However, it is essential to consider other factors such as market trends, competition, and industry dynamics before making any investment decisions. Conducting comprehensive research and analysis is crucial to gaining a holistic understanding of a company’s financial health and future prospects.
