NEW YORK (TheStreet) -- Lattice Semiconductor (LSCC - Get Report) was falling 5.8% to $6.96 Friday after forecasting below analysts' estimates for the third quarter, and despite beating estimates in the second quarter.
In its third-quarter forecast Lattice Semi said it expects revenue to fall between -8% and -12% sequentially. Analysts surveyed by Thomson Reuters expect revenue to fall just -1% to $98.5 million for the quarter.
For the second quarter, Lattice reported earnings of 10 cents a share, beating analysts' estimates of 9 cents a share by 1 cent. Revenue grew 17.3% from the year-ago quarter to $99.3 million, while analysts expected revenue of $98.6 million for the quarter.
Must read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates LATTICE SEMICONDUCTOR CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation: "We rate LATTICE SEMICONDUCTOR CORP (LSCC) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow." LSCC data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts