Cepheid (CPHD) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.00. The company posted revenue of $146.00 million in the period, compared to analysts expectations of $145.92 million. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.
Cepheid closed down -0.4 points or -1.21% at $32.7 with 13,57,548 shares getting traded on Thursday. Post opening the session at $33.09, the shares hit an intraday low of $32.46 and an intraday high of $33.28 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on May 3, 2016, Scott A. Campbell (Corporate VP & CRO) sold 2,058 shares at $27.90 per share price. According to the SEC, on May 3, 2016, Peter V. Farrell (EVP, Worldwide Commercial Ops) sold 390 shares at $28.90 per share price. On Apr 27, 2016, John L Bishop (Chairman of the Board and CEO) sold 110,000 shares at $35.50 per share price, according to the Form-4 filing with the securities and exchange commission.
Cepheid is a molecular diagnostics company. The Company develops manufactures and markets fully-integrated systems for testing in the clinical market and non-clinical markets. Its systems enable molecular testing for organisms and genetic-based diseases. Molecular testing involves various time-intensive steps including sample preparation DNA amplification and detection. The Companys systems integrate these steps and analyze biological samples in test cartridges. Its primary offering is the GeneXpert system which integrates sample preparation in addition to DNA amplification and detection serves reference laboratories and hospital central laboratories to satellite testing locations such as emergency departments and intensive care units within hospitals as well as physician offices and other alternate site laboratories. It also offers the SmartCycler system which integrates DNA amplification and detection to allow rapid analysis of a sample.