NEW YORK (TheStreet) -- Senomyx (SNMX) shares have lost nearly a third of their value in trading on Thursday, down 31.9% to $4.85, after the packaged foods flavor ingredients manufacturer missed analysts' third quarter earnings forecast and issued downside full year guidance.

The company reported a non-GAAP third quarter adjusted loss of 10 cents per diluted share, 2 cents worse than analysts were expecting for the period and 1 cent worse than it reported during the same period last year.

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Revenues during the quarter declined 11.9% fromr the same period last year to $5.9 million, short of analysts' $7.9 million estimates. 

The company forecast a full year net loss between 33 cents and 31 cents per diluted share, below Capital IQ's consensus estimates of a net loss of 23 cents per diluted share.

TheStreet Ratings team rates SENOMYX INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:

"We rate SENOMYX INC (SNMX) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and disappointing return on equity."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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SNMX

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