20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Lattice Semiconductor Corporation (NASDAQ:LSCC) reported its first-quarter financial results after the bell Monday. Here's a look at the details.
The Details:
Lattice Semiconductor reported quarterly earnings of 29 cents per share which beat the analyst consensus estimate of 28 cents and is a 43.14% decrease from earnings of 51 cents per share from the same period last year.
Quarterly sales clocked in at $140.815 million, beating the analyst consensus estimate of $140.138 million by 0.48% and representing a 23.6% decrease from sales of $184.31 million from the same period last year.
“First quarter 2024 results came in as expected and reflect the near-term impact of cyclic industry headwinds. Despite near-term headwinds, the Company is well-positioned for the long-term as we execute on the largest product portfolio expansion in our history,” said Jim Anderson, CEO of Lattice.
“We remain disciplined in our spending, while continuing to invest for long-term growth. In addition, we continued to return capital to shareholders by executing on our fourteenth consecutive quarter of share repurchases,” said Sherri Luther, CFO of Lattice.
Outlook:
Lattice sees second-quarter revenue of between $120 million and $140 million, versus the $140.46 million analyst estimate.
Related News: What’s Going On With Super Micro Computer Stock Ahead Of Earnings?
LSCC Price Action: According to Benzinga Pro, Lattice Semiconductor shares are down 5.67% after-hours at $72.50 at the time of publication Monday.
Image: Courtesy of Lattice Semiconductor Corporation
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!