Lattice (Hillsboro, Ore.) said revenue was up 5 percent from the prior quarter, but down 15 percent compared to the third quarter of 2008.

The third-quarter net loss of $4.1 million, or 4 cents per share, compares to a net loss of $2.7 million (2 cents per share) in the prior quarter and a net loss of $7 million (6 cents per share) for the year-ago quarter, Lattice said.

FPGA revenue for the third quarter was $15.2 million, down 12 percent from the second quarter and down 8 percent from the year-ago quarter, Lattice said. PLD revenue for the third quarter was $33.9 million, up 14 percent sequentially, but down 18 percent year-to-year, the company said.

On a pro forma basis, excluding charges, Lattice said its third quarter net income was $500,000, or 0 cents per share.

Consensus analyst expectations called for Lattice to post third-quarter revenue of $47.4 million and a pro forma net loss of 2 cents per share, according to Yahoo Finance.

"We benefitted from continued strength in Asia, a recovery in our Japan business and stabilization of our U.S. business," said Bruno Guilmart, Lattice president and CEO, in a statement. Guilmart said the semiconductor industry is not yet back to "full growth mode," but that Lattice executives believe the worst of the downturn has passed and are confident in the company's business entering the fourth quarter.

Lattice said it expects fourth-quarter revenue to be between $52 million and $54 million, up 6 to 10 percent sequentially.