NFC TIMES Exclusive Insight – Shares in France-based vendor Gemalto fell sharply today as it issued warnings before markets opened that its revenue and profit would badly miss projections this year.
The warnings included an up to 9% fall in total sales in the first quarter at constant exchange rates, which Gemalto will report late next month.
The vendor’s share price closed at €52.40 today, down by a little more than 17%, after having traded down by more than 23% at one point.