Why Shares Of Sigma Designs Crashed Today

newsfeedback@fool.com (Timothy Green), The Motley Fool
Wed, 12/07/2016 - 10:23am

Image source: Sigma Designs.Shares of semiconductor company Sigma Designs (NASDAQ: SIGM) tumbled on Wednesday following a mixed quarterly report. Sigma beat analyst estimates for earnings but fell short on revenue, leading the stock to drop 31% by 11 a.m. EST.Sigma reported third-quarter revenue of $62.7 million, up 1.9% year over year but about $0.7 million lower than the average analyst estimate.

Topics: sigma nasdaq sigm ceo thinh tran smart tv internet designs shares million year business company analyst revenue

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Why Shares Of Sigma Designs Crashed Today

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