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ANAD Topples Over As Firm Stumbles Over Sales

Anonymous (not verified) | 08/06/14

Anadigics, Inc just announced downright unpleasant results for the quarter ended June 2014. Earnings were disregarded, coming in at par, sending the stock spiraling downward 8.8% to a dreaded 52 week low on the disastrous report. The company brought to market shocking results overall, with earnings mounting in at $0.09 in losses per share. Furthermore, the revenue blunder contributed to the sharp decline as sales came in at $23.26 million, while investors were expecting $24.89 million.