Nanosphere Announces Record Q3 2015 Results

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Increases in Warranty and Inventory Reserves Drive EPS Miss for Nanosphere (NSPH); Piper Jaffray Remains Neutral

November 10, 2015 9:42 AM EST

Piper Jaffray maintained a Neutral rating on Nanosphere (NASDAQ: NSPH), and cut the price target to $2.00 (from $2.60), following the company's 3Q earnings report. NSPH reported a 3Q15 revenue increase of 32.5% yoy to $4.9M, in line with the Street's $4.9M estimate. Adjusted EPS of... More