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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Return to Sender who wrote (92723)7/29/2024 6:59:35 PM
From: Return to Sender  Read Replies (1) | Respond to of 95358
 
Lattice Semi misses by $0.01, misses on revs; guides Q3 revs below consensus

4:03 PM ET 7/29/24 | Briefing.com

Reports Q2 (Jun) earnings of $0.23 per share, excluding non-recurring items, $0.01 worse than the FactSet Consensus of $0.24; revenues fell 34.7% year/year to $124.08 mln vs the $130.17 mln FactSet Consensus. Co issues downside guidance for Q3, sees Q3 revs of $117-137 mln vs. $142.49 mln FactSet Consensus.Co added, "Second quarter 2024 results reflect the impact of cyclic industry headwinds. While the industry continues to go through a period of inventory normalization, we are starting to see signs of improvement."