Foundation Medicine (FMI) Tops Q4 EPS by 12c, Offers FY Guidance

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Go back to Foundation Medicine (FMI) Tops Q4 EPS by 12c, Offers FY Guidance

Leerink Partners Reiterates Market perform After Foundation Medicine (FMI) Reports Weak 2016 Guidance

February 24, 2016 9:35 AM EST

Leerink Partners reiterated a Market Perform rating on Foundation Medicine (NASDAQ: FMI), and cut the price target to $15.00 (from $27.00), following the company's 4Q earnings report. FMI reported 4Q revenue of $26.1M, above the Street's $25.1M estimate. 2016 revenue guidance of $110M-$120M was ~10%/6% below consensus at... More