Currency Translation Drags Orchid's Revenues Down 3 Percent | GenomeWeb

NEW YORK (GenomeWeb News) – Orchid Cellmark today reported that its first-quarter revenues were down 3 percent, due to the adverse impact of foreign currency translation.

The Princeton, NJ-based DNA testing services firm brought in revenues of $14 million for the three-month period ended March 31, compared to revenues of $14.5 million for the first quarter of 2008. The company said that its revenues were up 13 percent year over year on a constant currency basis.

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