Repligen plunges 16% on heavy volume

|About: Repligen Corporation (RGEN)|By:, SA News Editor

Shares of Repligen (RGEN) take a dive in response to the company's earnings today. Shares initially plunged almost 16% in heavy volume before recovering a bit.

Net income for 2013 grew 11% on a revenue increase of 9.5%.

Guidance for 2014 includes revenues of $52M - $55M, 53% product gross margin, total income of $7M - $9M and year-end quick assets of $84M - $87M.

Consensus estimates for 2014 are earnings of $.22/share on revenues of $53M.