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Invitrogen s Earnings, Sales Soar in Q4

NEW YORK, Feb. 12 (GenomeWeb News) - Invitrogen reported increased earnings and revenues for the fourth quarter today.


Revenues increased to $207.8 million, from $161.8 million during the same period the previous year. Invitrogen attributed this increase in sales mainly to products it obtained from its acquisitions of Molecular Probes, Pan Vera, and InforMax.


R&D expenses soared to $16.1 million, from $9.7 million during the same quarter in 2002.


Net income for the quarter was $12.6 million, or $.24 per share, up from $10.2 million, or $.2 per share, the year before.


As of Dec. 31, 2003, Invitrogen had $998.7 million in cash and investments.



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