Shares of Sequenom Inc. were down almost 22% on Tuesday after the company reported disappointing earnings results.
Sequenom (Nasdaq stock symbol SQNM) announced that its fourth-quarter loss widened to $18.4 million (30 cents a share) from $15.4 million (25 cents a share) in the year-ago period.
Sequenom is based in San Diego, California. The company provides products, services, diagnostic testing for the biotech and medical research industries. Sequenom's MassARRAY system is used for various DNA/RNA analysis applications.
SQNM stock price closed at $6.08 a share down 21.65%.
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