NEW YORK, May 3 (GenomeWeb News) - Beckman Coulter reported increased revenues but smaller earnings for the first quarter of 2004 today.
The company had $536.8 million in revenues, up from $467.3 million during the first quarter last year.
R&D expenses increased to $48.1 million, from $45.5 million during the same period in 2003.
Net earnings decreased to $35.6 million, or $.57 per share, down from $44.6 million, or $.73 per share, during the first quarter last year.
As of March 31, Beckman had $49 million in cash and cash equivalents.