InvenSense (INVN -25.5%) crashes after reporting in-line FQ4 EPS but guiding for FQ1 revenue of...
Friday, May 4, 2012, 3:53 PM ETInvenSense (INVN -25.5%) crashes after reporting in-line FQ4 EPS but guiding for FQ1 revenue of $38M-$40M, below a $41.6M consensus. The company says it was tripped up by component shortages for 4G phones containing its motion sensors - the comments suggest Qualcomm's (QCOM) 28nm supply issues were a factor. Oppenheimer previously aired concerns about competition, as well as a May 15 post-IPO share lockup expiration.
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