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.
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.