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Navitas (NVTS) Falls 14.6% as Earnings Disappoint

We recently published 10 Stocks Lead Wall Street Downward Spiral. Navitas Semiconductor Corp. (NASDAQ:NVTS) is one of the worst-performing stocks on Tuesday. Navitas fell for a second day on Tuesday, shedding 14.61 percent to close at 10.46apieceafteradismalearningsperformanceinthethirdquarteroftheyear.Inastatement,NavitasSemiconductorCorp.(NASDAQ:NVTS)saiditwideneditsnetlossby2.7percentto10.46 apiece after a dismal earnings performance in the third quarter of the year. In a statement, Navitas Semiconductor Corp. (NASDAQ:NVTS) said it widened its net loss by 2.7 percent to 19.2 million from $18.7 million in the same period last year, on the back of lower r ...