Lattice Semiconductor (LSCC) witnessed a remarkable surge in its stock price during the pre-market trading session on Tuesday, February 11th, 2025. The semiconductor company's shares soared by an impressive 13.95%, driven by two key catalysts that fueled investor optimism.
Firstly, Lattice announced strategic appointments to bolster its executive leadership team. Lorenzo Flores, a seasoned industry veteran with over 30 years of experience, was appointed as the company's new Chief Financial Officer. Nicole Singer was named Chief People Officer, while Erhaan Shaikh was promoted to the role of Senior Vice President of Worldwide Sales. These additions are expected to drive Lattice's strategic growth initiatives and enhance operational efficiency.
Secondly, the company provided a robust outlook for the first quarter of 2025, exceeding Wall Street's expectations. Lattice projected revenue to range between $115 million and $125 million, surpassing analysts' consensus estimate of $118.8 million. Additionally, the company's adjusted earnings per share guidance of $0.20 to $0.24 also exceeded analysts' forecasts of $0.21.
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