By: Benzinga
April 02, 2013 at 11:37 AM EDT
Affymax Tanks on Woeful Earnings, May Go Out of Business
Affymax (NASDAQ: AFFY ) is down big on Tuesday after wildly missing the mark on its fourth quarter and 2012 earnings. The Palo Alto, California firm posted a fourth quarter loss of $1.85 per share, down 126 percent year-over-year. This was far below the loss of $0.61 analysts expected.
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