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Biosensors International Group Ltd Lowers FY 2013 Revenue Guidance

Thursday, 7 Feb 2013 09:31am EST 

Biosensors International Group Ltd announced that for fiscal 2013, it expects total revenue to be between 15% to 20% growth over fiscal 2012. The Company expects changes was mainly attributable due to changes in the dynamics of the Japanese market, including regulatory imposition and new products from competitors, licensing revenue from Terumo Corporation (Terumo) for the sales of the Nobori DES was adversely affected in the first nine months of 2013. The Company reported revenue of $292 million in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue pf $357 million for fiscal 2013. 

Company Quote

-0.025 -3.50%
19 Sep 2014