RTTNews | Feb 16, 2021 05:37PM EST

17:37 Tuesday, February 16, 2021 (RTTNews.com) - Lattice Semiconductor Corp. (LSCC) Tuesday reported a fourth-quarter earnings and revenues that trumped Wall Street view.

Portland, Oregon-based Lattice reported fourth-quarter profit of $15.99 million or $0.11 per share, compared with last year's profit of $13.99 million or $0.10 per share.

On an adjusted basis, earnings for the quarter increased to $0.19 per share from $0.17 last year. On average, 10 analysts polled by Thomson Reuters estimated earnings of $0.17 per share last year. Analysts' estimates typically exclude one-time items.

Revenues for the quarter gained 6.9% to $107.18 million from $100.24 million last year. Analysts had a consensus revenue estimate of $103.15 million for the quarter.

Looking forward to the first quarter, Lattice expects revenues to be between $106 million and $114 million. Analysts currently estimate revenues of $103.4 million for the quarter.

Read the original article on RTTNews ( https://www.rttnews.com/3170107/lattice-semiconductor-q4-results-beat-street-view.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved