Origin Agritech (SEED) Narrows 2nd Quarter Loss

Origin Agritech Limited SEED announced on Tuesday morning that it beat consensus Wall Street estimates, when it reported a smaller than expected loss. Origin Agritech Limited reported that it narrowed its fiscal 2nd quarter net loss to $4.1 million, or 18 cents per share, from $11.9 million, or 52 cents per share, a year earlier. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for a loss of 22 cents per share. Shares of Origin Agritech Limited were down 2.98% to $8.15 per share in pre-market trading, on weaker than expected revenue news.