SemiLEDs: Sees worst day in over a month on outlook uncertainty

Semileds

09/04/2021 16:26

** Shares in LED chips manufacturer  LEDS.O  down 11.4% at
$4.83, breaks a two-day winning streak
    ** Also posts biggest intraday pct fall in more than a month
    ** Co says it is unable to forecast Q3 revenue at this time
given the continuing uncertainty related to COVID-19
    ** LEDS says it shut down manufacturing production for two
weeks due to the Chinese New Year holiday in Q2
    ** LEDS, however, reported smaller Q2 loss vs Q1  
    ** Shares up ~34% YTD

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))