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Cellular Dynamics International (NASDAQ:ICEL) shares dropped 11.1% on Tuesday following a weaker than expected earnings announcement, ARN reports. The stock traded as low as $11.26 and last traded at $11.40, with a volume of 86,462 shares trading hands. The stock had previously closed at $12.82.

The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by $0.08. The company had revenue of $3.64 million for the quarter, compared to the consensus estimate of $4.62 million. During the same quarter in the previous year, the company posted ($2.92) earnings per share. The company’s revenue for the quarter was up 28.6% on a year-over-year basis.

The stock’s 50-day moving average is $12.7 and its 200-day moving average is $13.59. The company’s market cap is $180.4 million.

Cellular Dynamics International, Inc develops and manufactures fully functioning human cells in industrial quantities to precise specifications.

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