Actionable news
0
All posts from Actionable news
Actionable news in AAPL: Apple Inc.,

Should Dialog Semiconductor Be Causing a Big Apple Sell-Off Before Earnings?

Investors will use whatever data they can grab a hold of if they think it matters. The question to ask on Monday is whether a tech giant like Apple Inc. (NASDAQ: AAPL) should be selling off on what may be an obscure chip company’s negative news.

Dialog Semiconductor released a preliminary report on its third-quarter interim results, via Business Wire, in London. The press release showed that a final version will be made on October 28. Dialog’s ordinary shares on the XETRA were down 20.5% at €32.31 on Monday, taking its market cap down to €2.44 billion. Is this a case of the tail wagging the dog?

What matters here is that Dialog is a supplier to Apple, and the bulk of the company’s revenues are said to be tied to Apple. CNBC noted that Apple represents about three-quarters worth of Dialog’s revenue.

Year-on-year revenue growth in the third quarter was said to be 18%, increasing profitability and cash flow generation. Its...


More