Lattice Semiconductor Stock Falls Following Q2 Results

Shares of chip designer Lattice Semiconductor Corp. (NASDAQ: LSCC) tumbled today after the company reported second-quarter results that were below expectations.

Revenue and earnings both fell short of Wall Street's estimates, spurring some investors to ditch their Lattice shares and sending the tech stock falling 8.4% as of 2:06 p.m. ET.

Lattice reported non-GAAP (adjusted) earnings per share of $0.23 for the second quarter, down 56.7% from the year-ago quarter. The drop was disappointing enough, but it was made worse considering that the analysts' consensus estimate was for $0.24 per share in the quarter.

Source Fool.com