Shares of AgFeed Industries (FEED -33%) were hammered today, after guiding Q2 results lower due...

|About: AgFeed Industries, Inc. (FEED)|By:, SA News Editor

Shares of AgFeed Industries (FEED -33%) were hammered today, after guiding Q2 results lower due to bad investments in China. It now expects to report revenues of approximately $84M, far below previous estimates of $92M. The company has also cancelled the spin-off of its animal nutrition business due to weak market conditions.