Benzinga | Jul 28, 2020 04:28PM EDT

Lattice Semiconductor: Q2 Earnings Insights

Shares of Lattice Semiconductor (NASDAQ:LSCC) decreased 1.16% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 13.33% year over year to $0.17, which beat the estimate of $0.15.

Revenue of $100,589,000 decreased by 1.67% from the same period last year, which beat the estimate of $100,020,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Q3 revenue expected between $96,000,000 and $106,000,000.

Conference Call Details

Date: Jul 28, 2020

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/cvjqkqzq

Technicals

Company's 52-week high was at $31.79

Company's 52-week low was at $13.54

Price action over last quarter: Up 39.44%

Company Overview

Lattice Semiconductor Corp is a developer of semiconductor technology that it distributes through products, solutions, and licenses. The company reaches its customers through consumer, communications, and industrial markets. Lattice's product lines consist of programmable logic devices, video connectivity application-specific standard products, and wave devices. Product offerings enable customers in the consumer market to build technology that utilizes more computing power, higher resolution video, and reduced energy consumption. Customers in the industrial and communication market are aided with data gathering, higher bandwidth, and increased reliability for their products. Lattice's products are offered globally; however, the majority of sales are derived from customers in Asia.