Lattice Semiconductor Updates 4Q14 Outlook; Schedules Q4 2014 Conference Call for February 3
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 millionin 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 millionnon-recurring tax benefit.
The dial-in number for the live audio call beginning on
A replay of the call will be available approximately 2 hours after the
conclusion of the live call through
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.
Lattice Semiconductor Corporation
Joe Bedewi, 503-268-8000
Chief Financial Officer
Global IR Partners
David Pasquale, 914-337-8801