Lattice Semiconductor Tumbles As Industrial Sales Weigh

Key Takeaways Lattice Semiconductor stock slid Tuesday, a day after the company reported second-quarter sales below what analysts had expected. Revenue and profit both fell from a year ago, with sales in Lattice's auto and industrials segment half of what they were. The company also sustained a CEO change in the quarter, with Jim Anderson departing for a competitor last month. Net income plummeted 55% to $22.6 million, but analysts had expected profit to fall even further, to $12.2 million. Jefferies Analys ...