Lattice Semiconductor

(LSCC) - Get Report

rose 7% Thursday after the chip company boosted second-quarter guidance.

The company expects revenue to grow 5% to 7% from first-quarter levels, up from previous guidance of 3% to 6% sequential growth. Analysts polled by Thomson First Call are expecting revenue of $58.36 million.

The company also expects its other income to be about $4 million, an increase over previous guidance of $2.5 million because of gain related to the liquidation of a portion of its foundry investments.

The Hillsboro, Ore.-based company said that other guidance remains unchanged.

Shares rose 39 cents to $6.24.

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