Human health products are a new focus for Aceto Corporation. Image source: Getty Images.
Shares of Aceto Corporation (NASDAQ: ACET) fell as much as 18.2% on Friday after the company reported earnings. As of 3 p.m. EST, shares were still down 17.4% on the day.
Fiscal second-quarter net sales fell 4.6% to $131.7 million, and the company swung to a net loss of $0.6 million from net income of $8.3 million a year ago. Diluted loss per share was $0.02, versus a profit of $0.28 per share a year ago.