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Orchid Shares Plummet 35 Percent on Widened Loss

NEW YORK, June 22 (GenomeWeb News) - Shares of Orchid Cellmark dropped $1.30, or 35.1 percent, to $2.40 in afternoon trading after the company said its first-quarter revenues declined 14 percent and losses increased.

 

As reported today in GenomeWeb News, Orchid's revenues declined to $12.6 million in the first quarter of 2006, from $14.7 million during the first quarter of 2005. Losses increased to $6.6 million from $1.7 million in the year-ago period. 

The Scan

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