WASHINGTON (dpa-AFX) - Technology company Affymetrix, Inc., (AFFX) reported a fourth-quarter net loss of $14.7 million or $0.21 per share, compared to net income of $4.0 million or $0.06 per share in the prior-year quarter.
On average, 15 analysts expected the company to report a loss of $0.07 per share for the quarter. Analysts' estimates typically exclude one-time items.
Total revenue for the quarter declined to $65.1 million from last year's $84.9 million in the same period. Analysts expected revenues of $65.63 million in the quarter.
The contribution of product revenue was $58.7 million, service revenue was $5.1 million and royalties and other revenues was $1.3 million to the total revenue. Product gross margin decreased to 54.1 percent from 56.1 percent in the prior-year quarter.
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