Lattice Semiconductor Shares Up 7% On Strong Outlook

(RTTNews) - Shares of Lattice Semiconductor Corp. (LSCC) gained about 7% on extended trading session on Tuesday after the company issued a strong revenue outlook for the first quarter.

Portland, Oregon-based Lattice's fourth-quarter net loss of $7.1 million or $0.05 per share, compared to last year's loss of $7.2 million or $0.06 per share.

On an adjusted basis, earnings for the quarter increased to $0.08 per share from $0.01 last year. On average, 5 analysts polled by Thomson Reuters estimate earnings of $0.08 per share last year. Analysts' estimates typically exclude one-time items.

Revenues for the quarter rose to $95.98 million from $95.27 million last year. Analysts had a consensus revenue estimate of $95.10 million for the quarter.

Looking forward to the first quarter, Lattice expects revenues to be between about $94 million and $98 million. Analysts currently estimate revenues of $93.72 million for the first quarter.

LSCC closed Tuesday's trading at $8.18, up $0.23 or 2.89%, on the Nasdaq. The stock further gained $0.57 or 6.97% in the after-hours trade.