U.S. stock futures are trading mixed this morning, and investors are gearing up for key earnings reports from several companies, including Archer-Daniels-Midland, Yum! Brands, Lattice Semiconductor, and Super Micro Computer. Get the latest insights on their expected performance and potential market impact.
Lattice Semiconductor reported its third-quarter earnings, missing revenue estimates but meeting earnings per share expectations. The company also announced a 14% workforce reduction and a similar reduction in non-headcount operating expenses to improve efficiency and drive future growth. Despite near-term industry headwinds, the company remains optimistic about its long-term market position.
Lattice Semiconductor Corporation (LSCC) shares climbed significantly on Monday after the company announced the appointment of Ford Tamer as its new CEO. Tamer, with extensive experience in the semiconductor industry, succeeds Esam Elashmawi, who will now focus on his role as Chief Strategy and Marketing Officer. The company also reaffirmed its previous guidance for the third quarter of 2024, with revenue expectations between $117 million and $137 million.
