"Here we go again," shareholders of Entropic Communications (ENTR) must be thinking after the company updated its guidance for second quarter earnings on Tuesday. Shares fell 4 percent in after-hours trading to $4.15 after the company re-affirmed guidance for breakeven earnings on a non-GAAP basis, but moved projected revenue to $70 million, at the lower end of its previously announced range.
Indeed, quarterly earnings reports have been a minefield for Entropic and its investors, with a series of dizzying moves, too often in the wrong direction:
ENTR Earnings Movements
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