Nordic Semiconductor slumps on lower-than-expected Q2 guidance
29/04/2025 10:46
** Shares in Nordic Semiconductor NOD.OL plunge 9.1% after the Norwegian fabless chip maker projected second-quarter revenue below market expectations ** The company expects revenue in the second quarter to be between $145 million and $165 million and notes that recent developments have introduced risk and uncertainty to any forward-looking statements or guidance ** J.P.Morgan says that the lower-than-expected revenue guidance suggests that second-quarter earnings will be over 20% less than consensus estimates ** "The market is likely to focus on the miss versus consensus on Q2 revenue guidance and the sustainability of H1 strength, given macro uncertainty and tariffs," Jefferies says ** Shares are on track for their worst day since September 2024 (Reporting by Antonis Pothitos) ((antonis.pothitos@thomsonreuters.com))