Lattice Semiconductor Corp. Q2 adjusted earnings Beat Estimates

(RTTNews) - Lattice Semiconductor Corp. (LSCC) reported earnings for its second quarter that rose from the same period last year.

The company's profit came in at $21.8 million, or $0.15 per share. This compares with $10.6 million, or $0.08 per share, in last year's second quarter.

Excluding items, Lattice Semiconductor Corp. reported adjusted earnings of $35.2 million or $0.25 per share for the period.

Analysts had expected the company to earn $0.22 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 25.1% to $125.9 million from $100.6 million last year.

Lattice Semiconductor Corp. earnings at a glance:

-Earnings (Q2): $35.2 Mln. vs. $23.6 Mln. last year. -EPS (Q2): $0.25 vs. $0.17 last year. -Analysts Estimate: $0.22 -Revenue (Q2): $125.9 Mln vs. $100.6 Mln last year.

-Guidance: Next quarter revenue guidance: $124-$132 Mln