Oxford Nanopore shares slide 16% after first-half sales miss expectations

Oxford Nanopore shares fell 16% to 101.2p after first-half trading came in below management expectations. The company now expects revenue of ~£116.5m for the six months to 30 June, signaling weaker-than-anticipated performance and likely pressure on near-term sentiment toward ONT.

Analysis

Oxford Nanopore shares fell 16% to 101.2p after first-half trading came in below management expectations. The company now expects revenue of ~£116.5m for the six months to 30 June, signaling weaker-than-anticipated performance and likely pressure on near-term sentiment toward ONT.