Here's Why Fluidigm Is Getting Crushed Today
Shares of Fluidigm (NASDAQ: FLDM) fell nearly 45% today after the company reported second-quarter 2019 operating results. The laboratory equipment manufacturer delivered revenue of $28.2 million, which was at the low end of its guidance range of $28 million to $31 million. It was also well below the average expectation on Wall Street for $32 million in quarterly revenue, according to numbers compiled by Yahoo! Finance.
That result might not be an anomaly. Management expects Q3 2019 revenue in the range of $27 million to $30 million. Wall Street was looking for $35.2 million. While the collapsing stock price may seem a bit extreme, analysts and investors have legitimate cause for concern.
As of 11:58 a.m. EDT, the stock had settled to a 36.1% loss.
Quelle Fool.com
