Millipore Posts 40-Percent Gain in Q1 Sales, Though Profits Sink 23 Percent

May 03, 2007

NEW YORK (GenomeWeb News) — Millipore yesterday said first-quarter revenues increased 39 percent as R&D spending rose 50 percent and profit slid 23 percent.

Total receipts for the three months ended March 31 increased to $372 million from $268.4 million year over year.

Sales in the company’s Bioprocess segment rose 40 percent to $214.3 million, while Bioscience revenue swelled 51 percent to $157.7 million.

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