Qiao Xing Mobile Communication dips on lower Q4 revenue
Qiao Xing Mobile Communication Co., Ltd. (NYSE:QXM) shares are taking a dive after the cell phone maker reported before Monday’s opening bell that its fourth-quarter revenue declined to $102.4 million from $103.9 million a year earlier.
In Monday morning trading, QXM shares are down 15.07%, or $1.16, at $6.53. For detailed price information and recent news stories about Qiao Xing Mobile Communication, click QXM.
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Reporter Will Atkinson is based in SmallCapInvestor.com's Washington, D.C. bureau.
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