Applied DNA Reports Fiscal Third Quarter 2018 Financial Results

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Go back to Applied DNA Reports Fiscal Third Quarter 2018 Financial Results

Applied DNA Sciences (APDN) PT Lowered to $3 at Maxim Group

August 15, 2018 8:19 AM EDT

Maxim Group analyst Anthony Vendetti lowered the price target on Applied DNA Sciences (NASDAQ: APDN) to $3.00 (from $5.00) while maintaining a Buy rating.

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Applied DNA Sciences (APDN) Misses Q3 EPS by 5c, Revenues Miss

August 13, 2018 4:09 PM EDT

Applied DNA Sciences (NASDAQ: APDN) reported Q3 EPS of ($0.10), $0.05 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $1 million versus the consensus estimate of $2.75 million.

Revenues decreased 43% for the third quarter of fiscal 2018 to $1.0 million, compared with $1.8 million reported in the third quarter of fiscal 2017, and remained flat as compared to revenues for the fiscal second quarter ended March 31, 2018. The year-over-year decrease in revenues is primarily attributable to shipments... More