China Medical Technologies (CMED) reported first quarter non-GAAP income from continuing operations of $0.40 per ADS Tuesday morning. The company also reported fourth quarter 2008 non-GAAP income from continuing operations of $0.67 per ADS.
China Medical Technologies gapped open lower Tuesday and declined for the bulk of the session. Shares finished down by $2.95 at $12.45 on the highest volume of the year. The stock dropped below a one-month range and closed at nearly a 6-month low.
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