EARNINGS REPORTING - surprises, misses & more Message Board

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Non-Tech : EARNINGS REPORTING - surprises, misses & more

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To: 2MAR$ who wrote (148)	7/23/2000 4:19:52 AM
From: 2MAR$	Read Replies (1) of 762

7/17...LSCC Semiconductor Q2 Results Easily Top Fcasts PALO ALTO, Calif. (Reuters) - Lattice Semiconductor Corp., a maker of specialized semiconductors sold to the communications and other industries, on Monday easily topped analyst forecasts with second-quarter profits that rose more than one-and-a-half fold from a year ago. Before goodwill, the Hillsboro, Ore.-based Lattice (NasdaqNM:LSCC - news) said that earnings rose 162 percent to $33.6 million, or 61 cents a share, from $12.8 million, or 26 cents, a year ago. Revenues rose 134 percent to $139.9 million from $59.7 million. On that basis, the results topped analyst forecasts for a profit before goodwill of 55 cents, according to First Call/Thomson Financial. ``Strong demand for customers in the communication end market resulted in double-digit sequential revenue growth,'' said Cyrus Tsui, president and chief executive in a statement. Shares of Lattice rose 2-15/16 to 78-9/16 on the Nasdaq before the results were released, which was after the close of regular U.S. trading. The stock has traded in a range of 26-15/16 to 83-3/8 in the past 12 months.

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