Lattice Semiconductor Trims Q4 Guidance
Lattice Semiconductor has updated revenue guidance for its current fourth quarter, the company announced in a press release Wednesday. It now expects revenue in the quarter will decline by 6%-8% from Q3. Previously, the company had anticipated either a drop or gain of around 2%.
The revised guidance would put Q4's top line at $65.2 million-$66.6 million. Lattice reported Q3 revenues of $70.9 million.
The company said it is maintaining its existing guidance on gross margin percentage and total operating expenses. The former is expected to come in at around 53% plus or minus two percentage points; the latter, $43 million (including roughly $5.5 million for restructuring charges).
Lattice's fourth quarter will close on Dec. 29. It said the revised guidance reflects "weakness in the communications market combined with continued weakness in the worldwide distribution channel."
The article Lattice Semiconductor Trims Q4 Guidance originally appeared on Fool.com.Eric Volkman has no positions in Lattice Semiconductor. The Motley Fool has no positions in Lattice Semiconductor. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.