Celera Shares Fall as Earnings Miss Analyst Estimates

Feb 18, 2009

NEW YORK (GenomeWeb News) – Shares of Celera plummeted more than 20 percent today after the firm yesterday reported a loss for its fourth fiscal quarter and forecast lower revenue than analysts expected for 2009.

The company's shares were trading at $7.26 this afternoon, down 22 percent from yesterday's close of $9.34.

Celera yesterday reported revenues of $47.3 million for the three-month period ended Dec. 27, which was in line with analyst estimates.

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