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InvenSense Lowers Outlook
Posted on May 04, 2012 at 14:12 PM EDT
InvenSense Inc. (NYSE: INVN) reported sharply higher fourth quarter earnings of 7 cents per diluted share compared with 2 cents per diluted share in the year ago period but the company lowered the high end of its first quarter revenue forecast. The stock price plunged $3.81 to $12.94.
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