Bioanalytical Systems (BASI -6%) slides after reporting a big miss on it Q4 earnings earlier...

|About: Bioanalytical Systems, Inc. (BASI)|By:, SA News Editor

Bioanalytical Systems (BASI -6%) slides after reporting a big miss on it Q4 earnings earlier today. Quarterly revenue slid 19.7% Y/Y to $6.54 million, well under the $7.07 million the Street was expecting. The company blames the miss on about about $2.51M in restructuring charges, primarily consisting of U.K. exit costs, during the quarter. It notes however, that this is expected to be the final charge associated with the company's restructuring.