From Boom To Bust: Laopu Gold Loses Luster
The traditional gold craftsman’s stock tumbled after an earnings forecast last week showed its revenue and profit plunged in the second quarter compared with the first image credit: Bamboo Works Key
A gold jewelry company said it will make much less money this quarter than last quarter, so people sold its stock. When a company earns less money, it's worth paying attention to why—is the whole gold business slower, or just this company?
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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