Reuters logo
10 months ago
BUZZ-Laird: worst day ever for smartphone supplier on FY warning
October 19, 2016 / 7:55 AM / 10 months ago

BUZZ-Laird: worst day ever for smartphone supplier on FY warning

** Laird a supplier to smartphone makers including Apple, dives 47%, on course for biggest one-day drop ever, in heavy volume

** Warns of lower FY profit, saying production growth for mobile devices this year lagging previous cycles and that it has "poor" visibility on order volumes

** Warning follows troubles facing Samsung, which analysts say is a key customer for Laird; Samsung scrapped its flagship Galaxy Note 7 smartphone last week

** By far and away most actively traded stock on FTSE 250 , with 5x 30D avg volume through in <1 hour

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below