SemiLEDs Shares Drop In Pre-Market On Downbeat FQ3 Results

Shares of SemiLEDs Corp (NASDAQ: LEDS) dipped about 12.9% in pre-market trading after the company swung to a FQ3 loss of $5.1 million, or $0.19 per share.

SemiLEDs' sales declined to $5.6 million from $9.9 million. On an adjusted basis, SemiLEDs' loss came in at $0.16 per share. Analysts were expecting a loss of $0.06 per share on sales of $6.3 million.

LEDS shares dropped 12.90% to $5.40 in pre-market trading.