InvenSense (INVN -25.5%) crashes after reporting in-line FQ4 EPS but guiding for FQ1 revenue of...


InvenSense (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.

From other sites
Comments (5)
  • rambler1
    , contributor
    Comments (1001) | Send Message
     
    What did they figure out that they had a component shortage at the end of the month? Such b.s. & people wonder why nobody wants to be an investor anymore. You can't get real time information, and if your wrong you end up with losses like this.
    4 May 2012, 04:03 PM Reply Like
  • Flatbusher
    , contributor
    Comments (3) | Send Message
     
    What is being locked up on May 15th?
    4 May 2012, 06:04 PM Reply Like
  • Eric Jhonsa
    , contributor
    Comments (1276) | Send Message
     
    That's the IPO share lockup expiration day. Insiders who currently aren't able to sell shares can do so starting May 15. Updated the post to clarify.
    4 May 2012, 06:18 PM Reply Like
  • bigg al
    , contributor
    Comments (18) | Send Message
     
    So with the 5/15 date coming, what does this typically mean for share price?
    4 May 2012, 10:44 PM Reply Like
  • shewfly
    , contributor
    Comment (1) | Send Message
     
    Insiders will sell there shares on the open market to realize a gain from their IPO shares... Usually depresses the stock price for 1 quarter.
    7 May 2012, 06:06 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs