Lattice Semiconductor (NASDAQ: LSCC) issued its quarterly earnings data on Thursday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.05. The company had revenue of $65.90 million for the quarter, compared to the consensus estimate of $65.91 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company?s revenue for the quarter was down 6.1% on a year-over-year basis.
On a related note, analysts at Robert W. Baird reiterated an ?outperform? rating on shares of Lattice Semiconductor in a research note to investors on Monday, December 17th. They now have a $5.00 price target on the stock.
Shares of Lattice Semiconductor (LSCC) traded down 3.70% during mid-day trading on Thursday, hitting $3.90. Lattice Semiconductor (LSCC) has a 52 week low of $3.17 and a 52 week high of $7.10. The stock?s 50-day moving average is currently $4.02. The company has a market cap of $454.7 million and a P/E ratio of 25.80. Lattice Semiconductor Corporation (Lattice) designs, develops and markets programmable logic products and related software.