NEW YORK, Oct. 24 – A limping economy set back Applied Biosystems’ profit by 34 percent in the first quarter while reduced research spending shrank Celera Genomics’ losses in the period, the companies said separately on Wednesday.

However, Celera said it was expecting sales growth of between 40 percent and 50 percent in the new fiscal year, which for it began on Oct. 1, as it signs on new customers for its gene database. Applied Biosystems, meanwhile, has targeted a growth of between 7 percent and 9 percent, Celera said.

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