Shares of Super Hi International Holding Ltd (9658.HK) plummeted 6.30% in early trading on Wednesday, following the release of the company's full-year financial results. The significant drop comes as the technology firm reported revenue figures that fell short of analyst expectations.
According to the company's announcement, Super Hi International posted full-year revenue of $778.3 million. This figure came in below the IBES estimate of $803 million, indicating a noticeable miss on top-line growth. While the company reported a net income of $21.4 million for the year, the revenue shortfall appears to have spooked investors.
The market's negative reaction suggests that investors may be concerned about Super Hi's growth trajectory and its ability to meet future expectations. As tech companies face increasing scrutiny over their financial performance, missing revenue estimates can often lead to sharp stock price adjustments, as witnessed in Super Hi's case today.
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