Shares of Apple supplier AAC Tech set to slide after profit warning

February 26, 2019

HONG KONG (Reuters) – Shares of Apple Inc supplier AAC Technologies were set to slide 10 percent on Tuesday after the acoustic component maker said it expected its first-quarter profit to fall by up to 75 percent due to reduced orders.

AAC shares were set to open at HK$53, compared with a flat broader market.

(Reporting by Anne Marie Roantree and Donny Kwok; Editing by Stephen Coates)

Comments (No)

Leave a Reply