By Ben GlickmanShares of Lantronix fell after the company slashed its full-year guidance and second-quarter results missed estimates. Analysts polled by FactSet expect full-year revenue of $163.7 million. Lantronix also lowered its adjusted earnings guidance to 35 cents to 45 cents a share. The company previously forecast 50 cents to 60 cents in adjusted profit per share. Revenue rose 18% from a year earlier to $37 million, falling short of the $37.6 million forecast by analysts.

Source: Wall Street Journal February 09, 2024 18:08 UTC