Origin Agritech Limited (SEED) Misses Q3 Views; Cuts FY11 Revs Outlook
Origin Agritech Limited (NASDAQ: SEED) reported Q3 EPS of $0.09, $0.66 worse than the analyst estimate of $0.75. Revenue for the quarter came in at $37.4 million versus the consensus estimate of $75.87 million.
Based on its current outlook, and existing and anticipated business conditions, Origin lowers the revenue guidance for FY 2011 in the range of RMB 530 million to RMB 550 million.
Based on its current outlook, and existing and anticipated business conditions, Origin lowers the revenue guidance for FY 2011 in the range of RMB 530 million to RMB 550 million.