by Ian Harvey
August 02, 2019
Lattice Semiconductor Corp (NASDAQ: LSCC)
After Lattice Semiconductor earnings were reported on Wednesday, shares rose as much as 33.6% due to impressive results.
And, “Mentorship Program” Members were able to make 289% potential profit on the deal from Lattice Semiconductor earnings!
Lattice shares have added about 136.7% since the beginning of the year versus the S&P 500's gain of 20.5%.
Read the original recommendation here.
Lattice Semiconductor earnings came out with quarterly earnings of $0.15 per share, beating the Consensus Estimate of $0.12 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this chipmaker would post earnings of $0.09 per share when it actually produced earnings of $0.11, delivering a surprise of 22.22%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Also, Lattice Semiconductor posted revenues of $102.30 million for the quarter ended June 2019, surpassing the Consensus Estimate by 2.30%. This compares to year-ago revenues of $102.72 million. The company has topped consensus revenue estimates three times over the last four quarters.
"We achieved the highest profitability level in over a decade," said Lattice CEO Jim Anderson in the company's second-quarter earnings release. Lattice CFO Sherri Luther also pointed to the company's $44.7 million in cash from operations during the quarter, helping the company make $40 million in discretionary debt payments.
YOU NEED TO BE IN TO PROFIT!
Understanding Lattice Semiconductor…..
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.
A NICE POTENTIAL PROFIT TO START THE WEEK!
For Lattice's third quarter, management expects revenue to be between $101 million and $105 million. The midpoint of this guidance range would notably represent more sequential top-line growth. The company also guided for a non-GAAP gross margin of 59%, plus or minus 1 percentage point, during the period.
GREED CAN BE THE UNDOING OF A GOOD PROFIT!
Consider this fact…..
Wednesday’s move broke the stock out of a mini flag within its rising channel off the November low under $6. The channel top points to a target of $25 on an extension of this move.
PATIENCE PAYS OFF!
What you can do about this situation!…..
Consider this options trade…..
Buy the LSCC DEC 20 2019 20.000 CALL at approximately $1.95.
If you not a member and interested in being part of this profitable action just CLICK HERE.
AS ALWAYS THE DECISION IS YOURS!
OR other memberships.....
.....Mentorship Membership …….CLICK HERE......
....."Earnings Predictions" just click here……
An Important Note: That any suggestions for options trade considerations require investors/traders to use their own discretion as to when to enter or exit! As well, it is advisable to do further research and due diligence before executing your trade.
It is sometimes best to exit a trade, if there is already sufficient profit accrued, before an earnings report is presented. GREED can be the undoing of a nice profit!