It certainly hasn?t been a great end to the week for the Compumedics Limited (ASX: CMP) share price.
In afternoon trade the medical device company?s shares are down 19% to 51 cents.
Why have its shares dropped?
This morning Compumedics provided the market with an update on its performance for the 12 months ending June 30 2017.
As you might have guessed, it was a reasonably disappointing update.
According to the release, due to restructuring activities in its core capital equipment business, the company expects to report sales of approximately $33 million in FY 2017.
This was much lower than previously expected and a disappointing
It certainly hasnt been a great end to the week for the Compumedics Limited (ASX: CMP) share pri…
Read the full article at: http://www.fool.com.au/2017/07/07/why-the-compumedics-limited-share-price-fell-19-today/