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Business Wire (Mar 22, 2013)
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- | On the move
- Monday, October 15, 2012, 3:29 AM ZTE shares plunge 15.1% in Hong Kong after China's second-largest telecom-equipment maker warns that it will make a Q3 loss of up to 2B yuan ($319.1M). ZTE blames a delay in some overseas deals and a large number of low-margin contracts in Europe, Asia and the domestic market. U.S.-listed shares on watch include ALU (-1.7% in Paris), ERIC (-0.85% in Stockholm), CSCO, JNPR,CIEN, MMI, BBND. (PR) Comment! [On the Move, Tech]
- Monday, July 16, 2012, 3:06 AM Despite hopes of additional stimulus, Chinese stocks fell heavily on earnings concerns; benchmark index -1.8%. In particular, ZTE Corp., China's second-largest telecom maker, fell by the daily trading limit of 10% after warning H1 profits may have declined as much as 80%. 1 Comment [Global & FX, On the Move]
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