It has gross sales forecast for this year of £110m, and 75percentnt of its customers are women.
Shares of chipmaker STMicroelectronics sank 5.1%, to 5.17 euros ($6.56), in Paris, after the company cut its sales outlook and gross margin forecast for the fourth quarter.
Shares of chip-maker STMicroelectronics sank 5.9%, to 5.13 euros ($6.51), in Paris, after the company cut its sales outlook and gross margin forecast for the fourth quarter.
The bad news came early and often, starting when Intel lowered its first-quarter gross margin forecast to 54% from 56%, owing to lower prices for flash memory chips.
Intel got the ball rolling with a third-quarter release that showed better top- and bottom-line figures than anticipated, and a more optimistic gross margin forecast than analysts expected.
The company also revealed a gross-margin forecast that was softer than many had expected.
[C3.] 3CutsCuts Revenue Expectation Shares of 3Com fell 10percentt after the company lowered its revenue and gross margin forecasts for its fiscal first quarter.
Nvidia shares plunged $5.48, or 30.4%, to $12.55 on tremendous volume, after the company dropped its second-quarter sales and gross margin forecasts Wednesday evening, citing weak demand.
The same night "Moonlight" won Best Picture, "Get Out" ended its fruitful theatrical debut with $33.4 million in North American grosses, surpassing forecasts that estimated a $28 million opening.
Macroeconomic Advisors, a prominent forecasting firm, on Wednesday lowered its annualized second-quarter gross domestic product forecast to 1.9 percent, compared with the 3.5 percent growth it was expecting when the quarter began.
