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Lattice Semiconductor Q2 Results Top Estimates

By Yasin Ebrahim

Invesing.com -- Lattice Semiconductor reported Monday quarterly results that topped Wall Street expectations as strong chip demand in its computing and automotive end markets bolstered performance. 

Lattice Semiconductor (NASDAQ:LSCC) was up 2.8% in afterhours trading.

The company reported second-quarter earnings of $0.42 per diluted share on revenue of $161.4 million, that was ahead of estimates for $0.40 on revenue of $157.98 million. 

"Growth was driven by our strategic segments of communications and computing, and industrial and automotive," the company said. 

Looking ahead the company expects revenue in a range of $161 million to $171 million. That is ahead of analysts' forecasts for $161.4 million.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.