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Asetek Stock Tanks 40% as Company Suspends Profitability and Revenue Guidance for 202
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Asetek Stock Tanks 40% as Company Suspends Profitability and Revenue Guidance for 202
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13th June 2024, 07:12
| #1 |
| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 152,472
 |  Asetek Stock Tanks 40% as Company Suspends Profitability and Revenue Guidance for 202 Liquid cooling solutions OEM Asetek saw its stock price drop by over 40% on Wednesday (12th June 2024), as investors responded to the company's announcement of suspending its profitability and revenue guidance for 2024. The release offered an explanation behind this decision. "Based on these new forecasts, the expected increase in demand in the second half of 2024 of the company's liquid cooling products may not materialize. This will result in a significant decline in Group revenue and profitability for 2024 compared to the revenue and profitability guidance issued on March 8, 2024." https://www.techpowerup.com/323554/a...dance-for-2024 |
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