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Repligen plunges 16% on heavy volume

  • 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.
  • Press release
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