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Cirrus Logic (CRUS -2.4%) slumps after fellow Apple (AAPL +0.6%) suppliers TriQuint and...

  • Thursday, February 7, 2:48 PM ET
    Cirrus Logic (CRUS -2.4%) slumps after fellow Apple (AAPL +0.6%) suppliers TriQuint and Multi-Fineline issue light guidance. Multi-Fineline (MFLX +0.9%), which apparently received 84% of its FQ1 (calendar Q4) sales from Apple, expects FQ2 revenue of $180M-$200M, below a $218.2M consensus. Moreover, gross margin is expected to be "slightly negative," as the circuit board maker works to pare inventory - shares have already priced in a lot of bad news. Apple continues to outperform with some help from David Einhorn.
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This news story has 2 comments:

  •  
    Any bad news in any part of Apple's reach...

    CRUS drops.
    7 Feb, 07:47 PM Reply Like
  •  
    Oh no, more doom and gloom for Apple and it's suppliers, is that light guidance in comparison to Analysts pump and dump predictions.......? The markets are screwed by scheisters at the moment and in no real way reflect the capability of companies.....or their ability to produce. Hedge funds are running around like a bunch of headless chickens......!
    8 Feb, 04:39 AM Reply Like
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