Lattice Semiconductor shares fell more than 14% after the Hillsboro company said sales and profit margin won’t meet its forecasts.
Lattice Semiconductor shares fell more than 14% after the Hillsboro company said sales and profit margin won’t meet its forecasts.
Lattice had predicted quarterly sales between $72 million and $75 million. On Thursday, though, it said sales will come in between $69.5 million and $72 million — down as much as 17 percent from the second quarter last year.
Lattice blamed its shortfall on “continued weakness in the worldwide distribution channel, especially Europe.”
Read more at OregonLive.com.
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