"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
Only subscribers can access this article, which is part of the PRO research library covering 3,769 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: