March 3, 2010 / 10:20 PM / 9 years ago

UPDATE 1-Celera Corp Q4 tops market, sees weak FY10

* Q4 adj EPS $0.02 vs est loss/shr $0.03

* Sees FY10 loss/shr $0.15-$0.21 vs est EPS $0.04

* Sees FY10 rev between $145-$155 mln vs est $173.5 mln

* Shares down 3 pct in after-mkt trade

March 3 (Reuters) - Celera Corp CRA.O posted better-than-expected quarterly results, partly helped by strong gross margins and reduced operating expenses, but forecast a weak 2010 outlook, sending its shares down 3 percent in after-market trade.

For the fourth quarter, the maker of diagnostic tests reported a profit of $7.8 million, or 9 cents a share, compared with a net loss of $6.1 million, or 8 cents a share, in the year ago quarter.

Excluding items, the company earned 2 cents a share. Analysts on average were expecting a loss of 3 cents a share, according to Thomson Reuters I/B/E/S.

Revenue in the quarter dropped 15 percent to $40.0 million, but came slightly ahead of analysts’ view of $39.6 million.

For the first quarter of 2010, Celera expects revenue between $30 million and $32 million. Analysts were expecing $40.5 million.

For full-year 2010, the company forecast a loss of between 15 cents and 21 cents a share, on revenue of between $145 million and $155 million.

Analysts on average expected earnings of 4 cents per share, on revenue of $173.5 million, according to Thomson Reuters I/B/E/S.

Celera said its 2010 outlook reflects an impact of about $12 million to $15 million on 2010 revenue due to an expected loss of business related to a litigation.

Shares of the company fell 3 percent to $5.97 in after-market trade. They closed at $6.14 Wednesday on Nasdaq. (Reporting by Shailesh Kuber in Bangalore; Editing by Maju Samuel)

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