Sequenom Sinking In The After Hours (SQNM)
Symbols: SQNM
Sequenom (NASDAQ: SQNM) reported their quarterly earnings after the opening bell today. The company recorded a net loss of $18.4 million or $0.30 per share for the fourth quarter, compared to a loss of $15.4 million or $0.25 per share in last year's corresponding quarter. Consensus analysts' estimates had been pegged at negative $0.25 per share, so the company missed expectations by a nickel.
Total Q4 revenue came in at $10.8 million compared to $12.2 million in the year ago period. Analysts had been anticipating the company would report revenue of $9.10 million. In the after hours, SQNM shares have plummeted 16.24% to $6.51. Sequenom, Inc. (SQNM) is a diagnostic testing and genetics analysis company.
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