Actionable news
All posts from Actionable news
Actionable news in WGBS: WAFERGEN BIO-SYSTEMS Inc,

WaferGen Bio-systems (WGBS) Stock Spikes on High Revenue Guidance

NEW YORK (TheStreet) -- Shares of WaferGen Bio-systems (WGBS - Get Report) were gaining 42.8% to $2.17 with heavy trading volume on Thursday after the biotechnology company said it expects to report record revenue for the third quarter.

WaferGen said it expects to report revenue of $1.9 million to $2.1 million for the third quarter, which would represent a 52% to 68% increase compared to the $1.3 million in revenue it reported in the year-ago quarter.

Analysts expect the company to report revenue of $2 million for the quarter.

STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks with serious upside potential. See them FREE for 14-days.

The company said sales of its SmartChip products and services, which represented about 67% of its total revenue for the quarter, are responsible for the high revenue.

WaferGen also raised its full year 2015 revenue guidance to a range of $7.8 million to $8.2 million from its previous range of $7.5 million to $7.8 million.

About 7.7 million shares of WaferGen were traded by 10:16 a.m. Thursday, above the company's average trading volume of about...