Cepheid (CPHD) guides Q3 sales lower, saying revenue is expected to be in the range of $79M to...
Cepheid (CPHD) guides Q3 sales lower, saying revenue is expected to be in the range of $79M to $81M, lower than targeted due to intermittent interruptions in the supply of Xpert cartridge parts. The parts availability is being addressed and Cepheid is working aggressively to ship orders. However, the company currently expects to exit the quarter with more than $5M in backorders which it expects to be fulfilled by the end of October. Shares -3% AH.
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