Leadis reported their financial results for 3Q 2004: $40.9 million in revenues (compared to $22.3 million in Q3 2003) and net income of $5 million. Leadis also published their forecasts for Q4 2004 - with revenues expected to be in the range of $33 million to $36 million. Previous estimates were about $45 million, as Leadis says that they see lower OLED revenues in Q4.
Investors were not happy with the forecast and shares were down 36% in late trading.
Posted: Oct 22,2004 by Ron Mertens
