Today’s Market Highlight: Ibio Inc (IBIO), Amkor Technology, Inc. (AMKR), Twitter Inc (TWTR)

All is not well at Ibio Inc (NYSEMKT:IBIO) now that the company is being accused of making false and misleading statements to the detriment of certain shareholders. A class-action lawsuit has been lodged against the company by The Rosen Law Firm. It claims that Ibio Inc (NYSEMKT:IBIO) issued statements that adversely impacted the investment interest of shareholders who acquired the stock between October 13-23.

The accusations state that Ibio Inc (NYSEMKT:IBIO) made statements to the effect that its proprietary drug development platform would be used by companies developing treatment for Ebola. However, when the facts came out, shares of the company tumbled, hurting the shareholders in the class period.

Amkor Technology, Inc. (NASDAQ:AMKR) is sending signals that all is not well in the semiconductor business. Some market observers have cited that a slowdown was coming to the semiconductor market. Amkor Technology, Inc. (NASDAQ:AMKR) posted 3Q earnings that missed estimates and went ahead to guide for the current quarter below the consensus estimate.

The company earned $0.20 per share, falling behind the estimate of $0.24 per share. Revenue was recorded at $812.82 million, which was up 5.8% but fell short of the estimate of $843.3 million.

As if that was not enough, Amkor Technology, Inc. (NASDAQ:AMKR) guided earnings for the current quarter in the range of $0.07-$0.17 per share, below the consensus estimate of $0.25. It forecast revenue for the current quarter in the band of $755-$805 million, again below the estimate of $859.6 million.

Twitter Inc (NYSE:TWTR) just showed that it still has a long away to go in pleasing its shareholders. User acquisition in the company slowed down the recent quarter compared with the previous one. The company reported 284 million monthly active users in 3Q, which was up 4.8% from the previous quarter.

Twitter Inc (NYSE:TWTR) posted adjusted earnings of $0.01 per share in the quarter, compared with a loss of $0.13 per share in the same quarter last year. Revenue also increased to $361.27 million, up 114% from last year’s same quarter.

While the performance numbers improved YoY, investors pay close attention to user acquisition, an area that Twitter Inc (NYSE:TWTR) is yet to show strength.

About the Author

Laurie, a long-time member of the US Markets Daily general assignment reporter who has covered a variety of subjects from breaking news to investigative features, from stock markets to politics, and from neighborhood small business to global warming.

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