Pre-Open Stock Movers 8/18: (MOBI) (LCI) (DG) (FDO) Higher; (FN) (NXPI) (DLTR) Lower (more...) - InvestingChannel

Pre-Open Stock Movers 8/18: (MOBI) (LCI) (DG) (FDO) Higher; (FN) (NXPI) (DLTR) Lower (more…)

Fabrinet (NYSE: FN) 19.6% LOWER; announced that during the fourth quarter of the fiscal year ended June 27, 2014, certain accounting issues were discovered by management, which prompted the Audit Committee to commence an internal investigation. The Audit Committee is investigating whether there were any violations of the Company’s accounting policies associated with these potential accounting matters. The Company has also notified the SEC of the Audit Committee’s investigation.

Sky-mobi Limited (NASDAQ: MOBI) 18% HIGHER; reported Q2 EPS of RMB0.26, versus a breakeven loss reported in the same period last year. Revenue for the quarter came in at RMB170.22