InvenSense Plunges 24%: Crushed by Lower Prices in Apple, Samsung Wares

Tech Trader Daily
By Tiernan RayOct 29, 2014, 10:07 am156 pts
Shares of sensor maker InvenSense (INVN) are down $5.22, or 24%, at $16.26, after the company yesterday afternoon reported fiscal Q2 revenue and earnings per share that missed analysts’ expectations, and forecast results this quarter lower as well. Revenue in the three months ended in September rose 27% to…

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