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Rubicon (RBCN -12.8%) plunges once more thanks to the guidance accompanying its Q2 beat. The...
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Friday, August 3, 2012, 2:50 PM ETRubicon (RBCN -12.8%) plunges once more thanks to the guidance accompanying its Q2 beat. The maker of sapphire wafers for LED chip production expects Q3 revenue of $18M-$21M and EPS of -$0.02 to -$0.05, below a consensus of $22.7M and $0.01. Rubicon also predicts pricing for 2"-4" wafers "will likely remain low for another quarter or two." LEDS -5.9% in sympathy. (transcript)
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