Wednesday, March 21, 2012, 11:56 AM
Shares of China-based seed producer Origin Agritech (SEED +44.8%) soar after investment firm Monness Crespi Hardt says the company seems to be the closest to securing approval of the Chinese government for the first genetically modified seed in that country. The firm views potential approval as a positive but notes there is no exact time frame and that approval could be delayed.
Comment![On the Move]
Thursday, January 14, 2010, 8:09 AMOrigin Agritech (SEED): FY '09 non-GAAP EPS of $0.08 vs. $0.10 single estimate. Revenue +15% Y/Y to $86.8M vs. $86.1M single est. Issues downside FY '10 revenue guidance of RMB 630-660M vs. RMB 679.3M mln single est. Shares -7% premarket. (PR)
Thursday, January 14, 2010, 12:05 AM
Notable earnings before Thursday's open: SEEDComment!
Monday, November 23, 2009, 9:10 AM
Origin Agritech (SEED) +40% premarket after the China Ministry of Agriculture granted it a Bio-safety Certificate on Saturday, making it the first genetically-modified corn-seed product in China. SEED's phytase is used as an additive to breakdown phytic acid in corn. (PR)