Chembio Diagnostics Inc (CEMI)

[rayank]

$10? Chembio Diagnostics Q1 EPS $(0.290) Misses $(0.230) Estimate, Sales $6.900M Miss $7.730M Estimate
4:20 pm ET May 4, 2020 (Benzinga)

Chembio Diagnostics (NASDAQ:CEMI) reported quarterly losses of $(0.290) per share which missed the analyst consensus estimate of $(0.230) by 26.09 percent. This is a 107.14 percent decrease over losses of $(0.140) per share from the same period last year. The company reported quarterly sales of $6.900 million which missed the analyst consensus estimate of $7.730 million by 10.74 percent. This is a 16.88 percent decrease over sales of $8.301 million the same period last year.

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.*Chembio Diagnostics shares are trading lower after the company reported worse-than-expected Q1 EPS and sales results.(Benzinga)

Disappointing!