HILLSBORO, Ore. (AP) _ Lattice Semiconductor Corp. (LSCC) on Tuesday reported fourth-quarter profit of $16 million.
The Hillsboro, Oregon-based company said it had profit of 11 cents per share. Earnings, adjusted for one-time gains and costs, were 19 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The chipmaker posted revenue of $107.2 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $103.3 million.
For the year, the company reported profit of $47.4 million, or 34 cents per share. Revenue was reported as $408.1 million.
For the current quarter ending in April, Lattice said it expects revenue in the range of $106 million to $114 million.
Lattice shares have climbed 6% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $48.63, more than doubling in the last 12 months.
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