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Omar Venerio
Omar Venerio
Articles (1455) 

Main Indexes Turn Red on Friday

SemiLEDs Corp plunges on quarterly losses

The U.S. stock market traded lower on Friday morning after weak data from job openings, which dipped to 6.05 million from 6.23 million in January.

Shares of SemiLEDs Corp. (NASDAQ:LEDS) plunged after the company posted a second-quarter loss of 32 cents per share on $1.54 billion in revenue, which was 23% lower than the prior-year quarter. The GAAP net loss for the quarter was $1.1 million, compared to a loss of $0.4 million in the first quarter of fiscal 2018.



Global markets

The main European stock markets traded higher, with all the main indexes in green territory. The U.K.'s FTSE 100 gained 0.09%, France's CAC 40 climbed 0.11%, Germany's Dax advanced 0.22% and Spain's Ibex 35 rose 0.21%.

In Asia, India’s BSE Sensex rose 0.27% and Japan's Nikkei 225 gained 0.55%, while Hong Kong's Hang Seng retreated 0.07% and China's Shanghai Composite lost 0.66%.

Disclosure: The author holds no positions in any stocks mentioned.

About the author:

Omar Venerio
Omar Venerio is a capital markets, derivatives, corporate finance and financial management professor. He is passionate about the stock market and providing independent fundamental research and hedge fund and insider trading-focused investigation.

Rating: 5.0/5 (1 vote)



Masiwan006 - 1 year ago    Report SPAM

Yes im fine

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