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ABI's Shares Rise on Q3 Revenue Growth

Applied Biosystems’ shares rose 11.3 percent for the trading week ended Tuesday to lead all stocks in the BCW Index. The firm’s stock rose following the release of its third-quarter results, which showed a 15-percent gain in revenue (see BioCommerce Week 10/25/2006). PerkinElmer’s stock gained 7.6 percent for the week, and Bruker Biosciences rose 6.1 percent.
 
Invitrogen’s shares sank 11 percent for the week, following lackluster third-quarter results. The firm’s shares were also downgraded by two investment banks (see related article).
 
Overall, the Index dropped .7 percent for the tracking period. In comparison, the Dow Jones Industrial Average fell .4 percent, the Nasdaq gained .9 percent, and the Nasdaq Biotech Index rose 1.8 percent.

 
BioCommerce Week Index of Diversified
Molecular Biology Tool Companies
Company
Ticker
Current Price
(October 31, 2006)
Last
Price
(October 24, 2006)
% change
Agilent
A
35.60
34.93
1.9
Applied Biosystems
ABI
37.30
33.51
11.3
Beckman
BEC
57.57
59.10
-2.6
Bio-Rad
BIO
73.42
73.80
-0.5
Bruker
BRKR
7.96
7.50
6.1
Fisher Scientific
FSH
85.62
88.12
-2.8
GE
GE
35.11
35.42
-0.9
Invitrogen
IVGN
58.01
65.20
-11.0
Millipore
MIL
64.53
63.39
1.8
Molecular Devices
MDCC
20.14
19.13
5.3
PerkinElmer
PKI
21.36
19.86
7.6
Qiagen
QGEN
15.81
15.51
1.9
Sigma
SIAL
75.11
76.88
-2.3
Stratagene
STGN
6.83
6.66
2.6
Thermo
TMO
42.87
44.25
-3.1
Waters
WAT
49.80
48.55
2.6
BCW Index Average
42.94
43.24
-0.7