HILLSBORO, Ore. -- (Business Wire)
Lattice Semiconductor Corporation (NASDAQ:LSCC) today updated its
business outlook for the fourth quarter of 2014, as provided in the
Company’s press release on October 23, 2014. The Company also announced
that it will hold a conference call on February 3, 2015 to discuss its
financial results for the fourth quarter 2014 and business outlook for
the first quarter 2015.
Company Updates Fourth Quarter 2014 Business Outlook:
-
Revenue is expected to be approximately flat to down 4%, as compared
to the third quarter of 2014. This is unchanged from Company’s
original guidance.
-
Gross margin percentage is expected to be approximately 57% plus or
minus 2%. This is unchanged from Company’s original guidance.
-
Total operating expenses are now expected to be approximately $41.5
million. This compares to prior guidance that called for total
operating expenses to be approximately flat, as compared to $40.4
million in the third quarter of 2014.
-
In addition, the Company now expects its fourth quarter 2014 net
income will be positively impacted by an $11.5 million non-recurring
tax benefit.
February 3, 2015, Investor Conference Call / Webcast Details:
The dial-in number for the live audio call beginning on Tuesday,
February 3, 2015 at 5:00 p.m. Eastern Time is 1-888-286-6281 or
1-706-643-3761 with conference identification number 64961608. A live
webcast of the conference call will also be available on the investor
relations section of www.latticesemi.com.
A replay of the call will be available approximately 2 hours after the
conclusion of the live call through 11:59 p.m. Eastern Time on February
17, 2015, by telephone at 1-404-537-3406. To access the replay, use
conference identification number 64961608. A webcast replay will also be
available on the investor relations section of www.latticesemi.com.
Forward-Looking Statements Notice:
The foregoing paragraphs contain forward-looking statements that involve
estimates, assumptions, risks and uncertainties. Such forward-looking
statements include statements relating to our business outlook for the
fourth quarter of 2014, including those statements relating to expected
revenue, gross margin, total operating expenses and the expectations
regarding the positive impact by a non-recurring tax benefit. Other
forward-looking statements may be indicated by words such as “will,”
“could,” “should,” “would,” “expect,” “plan,” “anticipate,” “intend,”
“forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,”
“continue” or the negative of these terms or other comparable
terminology. Lattice believes the factors identified below, among
others, could cause actual results to differ materially from the
forward-looking statements. Estimates of financial results, including
revenue, gross margin, operating expenses and tax matters, for the
periods specified above may change as the company completes the process
of closing the books for 2014 and its audit of the 2014 fiscal year. You
should not unduly rely on forward-looking statements because our actual
results could differ materially from those expressed in any
forward-looking statements made by us. In addition, any forward-looking
statement applies only as of the date on which it is made. The Company
does not intend to update or revise any forward-looking statements,
whether as a result of events or circumstances after the date hereof or
to reflect the occurrence of unanticipated events.
About Lattice Semiconductor
Lattice Semiconductor (NASDAQ: LSCC) is the leader in low power, small
form factor, low cost, customizable solutions for a quickly changing
connected world. From making smart consumer devices smarter, to enabling
intelligent industrial automation, or connecting anything to everything
in communications, electronics manufacturers around the world use
Lattice's solutions for fast time to market, product innovation, and
competitive differentiation. For more information, visit www.latticesemi.com.
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Contacts:
Lattice Semiconductor Corporation
Joe Bedewi, 503-268-8000
Chief
Financial Officer
or
Global IR Partners
David Pasquale,
914-337-8801
lscc@globalirpartners.com
Source: Lattice Semiconductor Corporation
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