SiRF Earnings Disappoints Investors; Stock Downgraded
Four major investment firms downgraded SiRF Technologies (SiRF) today after the company reported fourth quarter earnings and gave a dismal outlook for Q1 2008, according to Blogging Stocks. The company reported Q4 2007 earnings of $100.4, a 35% gain over last year but this missed forecasted estimates. For the full year, revenues were $329.4, up 33%. The stock closed yesterday at $16.27 per share. In early trading this morning, the stock is down 50% to $8.13.
by Joe Francica on 02/05 at 08:29 AM |
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