Molecular Devices Q2 Revenues Jump 38 Percent, Earnings Climb 48 Percent

Jul 27, 2005

NEW YORK, July 27 (GenomeWeb News) - Molecular Devices yesterday reported increased revenues and earnings for the second quarter of 2005.

Revenues for the quarter were $44.5 million, up 38 percent over last year's revenues for the same period, which were $32.2 million.

Research and development expenses rose to $6.3 million, from $4.7 million during the year-ago period.

The firm's net income rose to $3.7 million, or $.22 per share, a 48-percent increase over last year's $2.5 million, or $.17 per share.

As of June 30, Molecular Devices had $12.5 million in cash and cash equivalents.

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