Tuesday, July 17, 2007

UPDATE 1-Medtox shares sink on quarterly earnings miss

(Reuters) - "The market's expectations for this stock were quite high.
Also it's had a very good run up, people may simply be taking
profits," Robins Group analyst Ruthanne Williams Roussel said
by phone.




The St. Paul, Minneapolis-based company's shares were down
$5.35 at $21.31 in afternoon trade on the Nasdaq. They had
risen more than 160 percent since February to touch a year-high
of $31.63 on July 5.


Read more at Reuters.com Market News

No comments: