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Nam Tai Electronics (NTE) plummets 30% premarket after beating earnings estimates, but serving...

Apr. 29, 2013 8:12 AM ETNam Tai Property Inc. (NTPIF) StockNTPIFBy: Stephen Alpher, SA News Editor

Nam Tai Electronics (NTE) plummets 30% premarket after beating earnings estimates, but serving up an ugly outlook - threatening to shutter LCM production unless margins pick up. On a different note, the company attempts to monetize its potentially very valuable real estate assets with plans to redevelop a 530K square foot parcel of land encompassing its Shenzhen plant.

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