Lattice Semiconductor Corp (LSCC)

Shares of Lattice Semiconductor Corporati (LSCC) dropped by 17.36% from $67.29 to $55.61 in the trading on Tuesday, October 31, 2023. The reason why LSCC down is due to disappointing fourth-quarter guidance despite the company surpassing third-quarter earnings expectations:

• Initially, analysts had projected earnings of around $0.52 per share with sales near $192.1 million. Lattice exceeded these forecasts, achieving earnings of $0.53 per share (a 10% year-over-year increase) and revenue of $192.2 million (an 11% increase).
• However, optimism waned when investors reviewed management's fourth-quarter guidance, which indicated top-line sales of approximately $176 million—higher than the previous year's $142 million but falling significantly short of the analyst consensus of $196 million.