Smart Modular Technologies slips on reduced Q3 guidance
Shares of Smart Modular Technologies (WWH), Inc. (Nasdaq:SMOD) are losing ground in pre-market trading after the manufacturer of memory modules, solid state drives, embedded computing subsystems, and TFT-LCD display products, lowered its fiscal third-quarter guidance this morning.
Business was negatively impacted by a difficult pricing environment resulting in lost market share, slower than expected ramp of high density memory modules and a higher than expected overall effective tax rate
Shares flopped 15%, or $0.93, to $5.50 in pre-market trading. For detailed price information and recent news stories about Smart Modular Technologies, click SMOD.
