Affymetrix Falls On Reduction In Revenue Forecasts For Q2

Affymetrix AFFX falls about 25% as the company lowers its revenue outlook for the second quarter. The Santa Clara, California-based company said that it now expects its revenue for the quarter to come in at $71-$72 million, down from previous guidance of $80-$82 million. AFFX’s shares have fallen 4.97% year to date and 11.76% over the past week. AFFX has slipped 24.82% to $32.53 at 10:14 am EDT. Read more from Benzinga's Company news.