
News
European semiconductor concept stocks showed mixed performance.
Soitec's stock price in Paris fell by 30.09%, with a cumulative decline of 34.61% over the last five trading days, as the company's performance guidance disappointed investors.
The latest earnings report shows that the company's revenue for the second fiscal quarter was €139 million, while analysts had expected €135.1 million.
Revenue for the first half of the fiscal year was €231 million, with analysts expecting €228.5 million.
The operating profit from continuing operations for the first half of the fiscal year was €11 million, while analysts had anticipated a loss of €28 million.
The company expects growth in the third fiscal quarter to be in the upper range of 0%-10%.
STMicroelectronics fell over 2.1%.
ASML Holding, on the other hand, rose by 0.75%, and Nordic Semiconductor increased by 2.29%

