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

|About: Nam Tai Property Inc. (NTP)|By:, 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.