Nordic Semiconductor ASA (GB:0FF9) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Nordic Semiconductor ASA reports a revenue dip to USD 128 million in Q2 2024, down 17% from last year, but sees a 72% increase from the previous quarter. Despite a current EBITDA loss, the company projects a return to revenue growth in Q3 with expected earnings between USD 150-170 million. CEO Vegard Wollan expresses optimism for the future, citing a stabilizing market and increased customer demand.
For further insights into GB:0FF9 stock, check out TipRanks’ Stock Analysis page.
