Lattice Semiconductor (LSCC) Stock Sinks as Company Slashes Q2 Outlook
Shares of Lattice Semiconductor (NASDAQ: LSCC), a designer, developer and marketer of programmable logic products and related software, are sinking in today’s trading.
At last check, the small-cap stock of LSCC was trading 14.25% lower at $3.85, with volume up from daily average of 1.74 million to 8.15 million.
LSCC shares are sinking in today’s trading after the company slashed its second-quarter revenue and margin outlook due to weak semiconductor market in Europe.
LSCC expects second-quarter revenue to be flat to down 4% on a sequential basis. This compares with company’s previous forecast of revenue to be flat to up 4% sequentially.
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Posted by Ken Bosket
on Thursday, June 14th, 2012. Filed under Breaking News, Internet.
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