Affymetrix Q4 Revenues Drop 23 Percent; Misses Analysts' Estimates | GenomeWeb

By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Affymetrix's fourth-quarter revenues fell 23 percent year over year, missing analysts' estimates, the company reported after the close of the market on Wednesday.

For the quarter ended Dec. 31, 2011, the Santa Clara, Calif.-based microarray firm said that it posted $65.1 million in revenues, down from $84.9 million a year ago, and short of Wall Street expectations of $65.6 million.

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