Thursday, February 3, 2011

LIFE Releases 4th Quarter Earnings

Life Technologies reported after the close of today's market that its fourth-quarter revenues rose 7 percent to $932.3 million (exceeding Wall Street estimates of $929.4 million) year over year with 11% sales increases for its Genetic Systems and Cell Systems divisions.
The company posted a net profit of $70.7 million, or 37 cents per share, compared with a profit of $48.9 million, or 26 cents per share, a year ago.
It projected 2011 revenue growth in the mid-single digits and forecast earnings excluding items of $3.80 to $3.95 per share. Analysts' on average are looking for 2011 earnings of $3.86 per share for the company.


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