CSKI Tumbles On Lowering FY10 Revenue Guidance

Shares of China Sky One Medical (NASDAQ: CSKI) dipped after the company lowered its revenue projections for FY10.

CSKI’s shares dropped 30.24% to $6.76 at 12:37 pm. The company has reduced its FY10 revenue projections to a range of $128 million to $136 million, down from its earlier guidance of $160 million to $164 million. The company’s Chief Financial Officer (CFO) has also resigned due to some health reasons.

Shares of China Sky One Medical have lost 11.18% over the past month and moved down 57.41% so far this year.

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