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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%Dec 5 4:00 PM EST

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To: Return to Sender who wrote (90992)10/30/2023 4:21:44 PM
From: Return to Sender  Read Replies (1) of 95531
 
Lattice Semi beats by $0.01, reports revs in-line; guides Q4 revs below consensus

4:02 PM ET 10/30/23 | Briefing.com

Reports Q3 (Sep) earnings of $0.53 per share, excluding non-recurring items, $0.01 better than the FactSet Consensus of $0.52; revenues rose 11.4% year/year to $192.2 mln vs the $192 mln FactSet Consensus.Gross margin expanded 120 basis points on a GAAP basis and 110 basis points on a non-GAAP basis compared to Q3 2022, with net income per diluted share increasing 15% on a GAAP basis and 10% on a non-GAAP basis compared to Q3 2022.Co issues downside guidance for Q4, sees Q4 revs of $166-$186 mln vs. $195.72 mln FactSet Consensus. Gross margin percentage for the fourth quarter of 2023 is expected to be 70.5% plus or minus 1% on a non-GAAP basis.
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