Why BG Medicine (BGMD) Stock Is Plunging Today

NEW YORK (TheStreet) -- BG Medicine  (BGMD) plunged Wednesday after the diagnostics company reported first-quarter results that came up short of analysts' expectations.

The company reported a loss of 8 cents a share, which aligned with the estimate of a loss of 8 cents a share. Revenue totaled $739,000, which came up short of the estimate of $1.3 million.

The stock was down 15.75% to $1.07 at 1:46 p.m.

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