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eastunder

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eastunder

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Monday, 04/29/2013 10:27:03 AM

Monday, April 29, 2013 10:27:03 AM

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Nam Tai Electronics (NYSE:NTE): The company experienced a healthy Q1, and trounced estimates for earnings and revenue. Earnings per share of $0.11 beat by $0.06, while revenues of $177.4 million beat estimates by $27.4 million. So why has the stock tanked over 30 percent? Turns out, a dismal outlook is sending investors fleeing the company, when it was announced that LCM production may shut down if the margins do not improve.

http://wallstcheatsheet.com/stocks/lower-gas-prices-fuel-wal-mart-target-and-3-other-hot-stocks.html/2/

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