Tag Archives: 17% Drop

ZTE Shares Drop A Whopping 17% After Massive Profit Warnings

Well, this is bad news for Chinese manufacturer, ZTE, their shares have now dropped to a three year low by 17%. This news follows reports that the FBI is investigating ZTE for sales of banned equipment to the country of Iran.  Even worse, ZTE has previously warned that their half-year profits could drop by up to 80%. The outlook isn’t looking too… Read more