Lattice Semiconductor Lowers Q2 Revenue Forecast

Lattice Semiconductor Corp LSCC lowered its Q2 revenue forecast. Lattice Semiconductor now projects revenue to be flat to down 4% sequentially. The company had earlier expected revenue to be flat to up 4% sequentially. Lattice also cut its gross margin forecast to around 51%, versus its earlier forecast of around 55%. Lattice Semiconductor shares closed at $4.49 yesterday.