Hua Hong Semiconductor, a leading Chinese semiconductor company, saw its stock price plummet 5.13% in intraday trading on Friday, February 14th, 2025. This significant decline was triggered by the company's disappointing fourth-quarter earnings report for 2024, which revealed a net loss of $25.2 million.
According to the financial report, Hua Hong Semiconductor's Q4 2024 net loss was primarily due to foreign exchange losses, in contrast to the net profits reported in the previous quarters. The company's revenue for the quarter stood at $539.2 million, with a gross margin of 11.4%.
Looking ahead, Hua Hong Semiconductor has provided guidance for the first quarter of 2025, projecting revenue in the range of $530 million to $550 million and a gross margin between 9% and 11%. Investors will be closely monitoring the company's performance and efforts to regain profitability in the coming quarters.
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