China Medical Technologies Crashing (CMED)

Posted in pre-market 
November 19th, 2009

China Medical Technologies, Inc. (NASDAQ: CMED) missed earnings and cut guidance and is the leader as far as percentage losers this morning.  Shares closed at $15.15 yesterday but is down over 17% at $12.51 on 93,850 shares as of 8:44 AM EST.  Earnings were $0.10 EPS  per share, under the consensus from Thomson Reuters $0.59; revenues fell 14.8% to $24.3 million versus estimates of $24.6M. It also sees Q3 revenues of $24.9 to $26.4 mln vs. $27.10 million estimates.

JON OGG

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