Lattice Semi beats by $0.01, misses on revs; guides Q2 revs in-line
- Reports Q1 (Mar) earnings of $0.15 per share, $0.01 better than the S&P Capital IQ Consensus of $0.14; revenues fell 0.8% year/year to $97.32 mln vs the $98.29 mln S&P Capital IQ Consensus.
- Gross margin increased to 59.8% from 58.6% one yr ago.
- Co issues in-line guidance for Q2, sees Q2 revs of $95 mln to $105 mln vs. $100.88 mln S&P Capital IQ Consensus.
- Gross margin expected between 59% and 61%.