Nordic Semiconductor drops to bottom of STOXX on Q3 guidance cut

Fingerprint Cards AB

18/09/2023 08:13

** Shares in Nordic Semiconductor  NOD.OL  fall more than
12% after the Norwegian fabless chip maker cut Q3 guidance
    ** The group expects Q3 revenue in range of $135-140 million
vs previously expected $145-165 million
    ** It says it continues to experience soft demand across its
core markets, with product shipments in Q3 lower than forecasted
    ** The stock hits the bottom of Europe's STOXX 600 index
 .STOXX  and is on track for its worst day since April 2023
    ** Peer Fingerprint Cards  FINGb.ST  falls around 10% in
morning trade

 (Reporting by Jagoda Darlak)
 ((Jagoda.Darlak@thomsonreuters.com; +48 58 769 65 40;))