Adeia Shares Fall 23% After Lowered Outlook and Revenue Decline
Adeia cut its full-year outlook and reported lower third-quarter revenue. Shares fell 23% to $16.02 in after-hours trading Monday.
By Elias SchisgallShares of Adeia plunged after the company cut its full-year outlook and reported a decline in third-quarter revenue that surprised Wall Street analysts.Shares fell 23% to $16.02 in after-hours trading on Monday. The stock closed down 3.6% at $20.67, and was up 20% this year throug…