Lattice: Q3 Earnings Snapshot

HILLSBORO, Ore. (AP) — HILLSBORO, Ore. (AP) — Lattice Semiconductor Corp. (LSCC) on Monday reported third-quarter net income of $11.2 million.

On a per-share basis, the Hillsboro, Oregon-based company said it had net income of 8 cents. Earnings, adjusted for one-time gains and costs, were 72 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.

The chipmaker posted revenue of $291 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $256.4 million.

For the current quarter ending in December, Lattice expects its per-share earnings to range from 82 cents to 86 cents.

The company said it expects revenue in the range of $325 million to $345 million for the fiscal fourth quarter.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LSCC at https://www.zacks.com/ap/LSCC