Lattice Semi Trims Sales Forecast - TheStreet

Lattice Semiconductor

(LSCC) - Get Report

reduced its sales expectations for the current quarter.

The maker of programmable chips said Thursday that it expects sales to be down 1% to 3% sequentially, instead of its initial view that revenue would be flat to down 3% sequentially.

Lattice also noted that expects "strong " sequential growth in its line of FPGA chips this quarter, compared to the prior quarter when sales declined 2%.

The new guidance translates to a range of $57.5 million to $56.3 million. The average analyst expectation calls for sales of $57.3 million.

Shares of Lattice were off a penny at $2.28

On Wednesday,

Actel

(ACTL)

, another programmable chip maker, sharply lowered its financial estimates because of weakness in the Asian market.

Earlier this month,

Altera

(ALTR) - Get Report

, the world's second largest maker of programmable chips, kept its sales outlook intact for the current quarter, projecting revenue to be flat to down 3% sequentially.