Smartphone component supplier Laird warns of lower FY profit, shares plunge



Laird Plc (LRD.L), a supplier to smartphone makers including Apple Inc (AAPL.O), plummeted in early trading after it warned of lower full-year profit, saying that production growth for mobile devices this year was lagging previous cycles and that it had "poor" visibility on order volumes.
Shares in the company nearly halved to 156.10 pence posting its worst single day drop.
The electronic component maker's profit warning follows troubles facing Samsung Electronics Co Ltd (005930.KS), which analysts say is a key customer for Laird.
Samsung scrapped its flagship Galaxy Note 7... read more

 
19 October 2016 in Science &Technology, Views: 44
Source: Reuters
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