July 22, 2009 / 9:32 PM / in 10 years

UPDATE 1-Celera sees Q2 rev below Street, cuts 13 pct jobs

* Sees Q2 rev of $40 mln to $42 mln vs est $47.6 mln

* Cuts 13 pct jobs, or 80 employees

* Withdraws 2009 revenue outlook

* Shares down 16 percent

July 22 (Reuters) - Celera Corp CRA.O forecast second-quarter revenue below analysts’ estimates, hurt by lower lab service and licensing revenue, and said it cut 13 percent of its workforce, knocking its shares down 16 percent.

The maker of diagnostic tests also withdrew its 2009 revenue outlook as it expects revenue to be significantly below its prior outlook of $192 million to $202 million.

Celera said it expects to record significant charges in the second quarter related to bad debt expense and impairment of goodwill and intangible assets.

The company also expects to record a charge related to the restructuring in the third quarter.

Shares of the company were down $1.25 at $6.49 in after-market trade. They closed at $7.74 Wednesday on Nasdaq.

For the alerts double-click [ID:nWNAB0435] . (Reporting by Anand Basu in Bangalore; Editing by Anil D’Silva)

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