Lattice Semiconductor Shares Fall After Q3 EPS Meet Estimate; Revenues Miss: Details

Lattice Semiconductor Corp. (NASDAQ:LSCC) reported its third-quarter results after Monday's closing bell. Here's a look at the details from the report.  

The Details: Lattice Semiconductor reported quarterly earnings of 24 cents per share, which met the analyst consensus estimate. Quarterly revenue came in at $127.091 million, which missed the analyst consensus estimate of $127.092 million and is a decrease from revenue of $192.169 million from the same period last year.

The third-quarter results include a one-time GAAP-only charge of $6.5 million related to actions the company took to drive a comprehensive reduction in spending during the quarter. The actions are expected to result in a 14% workforce reduction ...