12.02.202421:33:00UTC+00Lattice Semiconductor Corp. Q4 Profit Increases, beats estimates

Lattice Semiconductor Corp. (LSCC) announced increased profits for its fourth quarter that surpassed market predictions. The company's profits rose to $98.7 million, equivalent to $0.71 per share, from $51.9 million or $0.37 per share from the same period the previous year.

When discounting separate items, LSCC reported adjusted earnings of $62.8 million or $0.45 per share for the duration of the quarter. Analysts had been expecting the company to earn $0.44 per share on average, according to Thomson Reuters' compiled data, generally excluding unique items.

However, Lattice Semiconductor Corp.'s quarter revenue saw a 3.1% decrease from last year, going down to $170.6 million from a previous $176.0 million.

To provide a snapshot of Lattice Semiconductor Corp.'s earnings (using GAAP), the company made $98.7 million for Q4 compared to $51.9 million last year. The EPS for Q4 was $0.71 compared to last year's $0.37. Analysts had estimated $0.44. The company had a Q4 revenue of $170.6 million compared to $176.0 million last year.