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Stock impact report

Lattice Semiconductor, Other Chip Stocks Rise On Earnings [Investor's Business Daily]

Lattice Semiconductor Corporation (LSCC) 
Last lattice semiconductor corporation earnings: 4/28 04:00 pm Check Earnings Report
Related news Lattice Semiconductor ( LSCC ) and several other semiconductor stocks surged on Wednesday after posting first-quarter results. LSCC stock broke out on better-than-expected earnings. Hillsboro, Ore.-based Lattice earned an adjusted 15 cents a share on sales of $97.3 million in the first quarter . Wall Street was modeling earnings of 14 cents a share on sales of $98.3 million. On a year-over-year basis, earnings rose 36% while sales dipped 1%. The maker of low-power programmable chips reported late Tuesday that its adjusted gross profit margin improved to 59.8% during the quarter. That compares with 59.6% in the fourth quarter and 58.6% in the first quarter last year. For the second quarter, Lattice Semiconductor predicted sales of $100 million, vs. analyst expectations for $100.9 million. In morning trading on the stock market today , LSCC stock broke out of a cup-with-handle base with a buy point of 21.10. LSCC stock was up 14.3%, near 22.35, in afternoon trading Wednesd Show less Read more
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