Invitrogen Shares Plummet 12 Percent on Weak Q3 Results

Oct 27, 2006

NEW YORK (GenomeWeb News) — Shares in Invitrogen were down 11.81 percent, or $7.80, at $58.24 in mid-afternoon trading after the company posted lackluster earnings today.

As GenomeWeb News reported, Invitrogen today said third-quarter revenues increased 7 percent while last year’s profit turned to a loss.

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