Short Take: Lattice stock falls after warning

Lattice Semiconductor stock dropped 25 percent after the company warned that its first-quarter net income and earnings would fall about 30 percent, and that its revenues would drop 20 percent from fourth-quarter levels, when it reported profits of $13.8 million, or 58 cents per diluted share, on revenues of $60.2 million. Analysts had expected first-quarter profits of 58 cents a share.

June 10, 1998 2:45 p.m. PT

stock dropped 25 percent after the company warned that its first-quarter net income and earnings would fall about 30 percent, and that its revenues would drop 20 percent from fourth-quarter levels, when it reported profits of $13.8 million, or 58 cents per diluted share, on revenues of $60.2 million. Analysts had expected first-quarter profits of 58 cents a share.