Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of health-care research products company Affymetrix
So what: Affymetrix made a slew of announcements this morning, the most important of which -- from the market's perspective, at least -- was likely the update on fourth-quarter results. The company said that it expects to show $85 million in revenue for the quarter and positive operating and net income on a GAAP basis. The revenue number is roughly in line with Wall Street estimates, while the GAAP earnings look to be above the current GAAP expectations of slightly below breakeven. Current adjusted earnings per share estimates from Wall Street are $0.02.
Now what: Investors can look forward to more detail on the quarterly numbers when Affymetrix reports full results early next month. Since little detail was given on exactly how much profit the company will report, there is still substantial room for investors to be surprised to either the upside or downside. Stepping back to the bigger picture, the company also announced today that it has signed a distribution deal with the Fisher Scientific arm of Thermo Fisher Scientific
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