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Molecular Devices' Shares Hit Hard by Q2 Results

Shares in Molecular Devices dropped 21.1 percent for the trading period ended Tuesday after the firm reported second-quarter results last week that fell short of its stated guidance (see related article). Shares of Waters also declined 10.1 percent for the tracking period with 7.1 percent of that total occurring on Tuesday, after the firm reported its second-quarter results (see related article). On the other end of the spectrum, Qiagen and Bruker BioSciences, posted strong weeks with gains of 10.8 percent and 9.2 percent, respectively.
 
Overall, the BCW Index dropped 1 percent for the week. In comparison, the Dow Jones Industrial Average gained 2.8 percent, the Nasdaq rose 1.5 percent, and the Nasdaq Biotech Index climbed 4.7 percent.
 


BioCommerce Week Index of Diversified
Molecular Biology Tool Companies
Company
Ticker
Current Price
(July 25, 2006)
Last Price
(July 18, 2006)
% change
Agilent
A
29.16
30.18
-3.4
Applied Biosystems
ABI
32.95
32.70
0.8
Beckman
BEC
55.67
56.44
-1.4
Bio-Rad
BIO
66.52
65.54
1.5
Bruker
BRKR
5.96
5.46
9.2
Fisher Scientific
FSH
73.61
71.38
3.1
GE
GE
32.70
33.26
-1.7
Invitrogen
IVGN
64.52
62.37
3.4
Millipore
MIL
62.30
62.61
-0.5
Molecular Devices
MDCC
23.80
30.15
-21.1
PerkinElmer
PKI
20.76
21.11
-1.7
Qiagen
QGEN
14.98
13.52
10.8
Sigma
SIAL
70.85
71.79
-1.3
Stratagene
STGN
6.60
7.00
-5.7
Thermo
TMO
36.63
35.55
3.0
Waters
WAT
39.57
44.04
-10.1
BCW Index Average
39.79
40.19
-1.0
The Scan

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