Shares of SemiLEDs (LEDS) have fallen 19 percent over the past two trading sessions as the company once again delivered a disappointing earnings report on Thursday morning. At this point, no one should be surprised; the company has now missed estimates in 9 of the 10 quarters in which it has been publicly traded.
Shares are also down about 40 percent since reaching highs over $2 per share in late April, after a stunning three-session, 83 percent, run that appeared to come largely on the coattails of good news for the sector. That news included the introduction of an energy conservation bill in the Senate that appeared to brighten the outlook for LED producers, plus positive...
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