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Beckman Q3 Revenue Up 8 Percent; Sales of Genomic, Proteomic Tools Strong

Oct 29, 2004

NEW YORK, Oct. 29 (GenomeWeb News) - Beckman today reported sales of $581 million for the third quarter, up over $535 million one year ago.

 

The company's Biomedical Research Division, which sells the GenomeLab and ProteomeLab instruments, increased by 5 percent year over year. Clinical Diagnostics, by comparison, was up 10 percent.

 

R&D spending for the period increased to $51.5 million from $46.5 million. Net earnings for the quarter jumped to $57 million, or $.93 per basic earnings per share, from $40 million, or $.65 per basic earnings per share, for the same quarter in 2003.

 

The company reported cash and cash equivalents of $31 million on hand as of Sept. 30.

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