Sequenom Plunges on Earnings Miss

Includes: ATHN, OLED, SQNM
by: optionMONSTER

By Jon Najarian

SQNM Chart

Loss Is Worse Than Expected

Shares of Sequenom (NASDAQ:SQNM) are down 17 percent in pre-market trading on our Depth Charge system after the company posted a fourth-quarter loss that was worse than what analysts had expected. The San Diego diagnostics systems maker reported a net loss of $18.4 million, or $0.30 per share, compared with $15.4 million, or $0.25 per share, for the fourth quarter of 2008. Analysts had been looking for EPS to be closer to $0.25.

Disclosure: No positions