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Molecular Devices Stock Surges 13.8 Percent on Profitability News

NEW YORK, Oct. 28 (GenomeWeb News) - Shares in Molecular Devices were up 11.7 percent, or $2.30, at $21.94, in mid-afternoon trading after the company announced profitable third-quarter results yesterday.


As GenomeWeb News reported earlier, Molecular Devices had an 8.8-percent increase in third-quarter revenue from last year and a $4.6-million profit. The company posted a loss last year.


While R&D spending remained flat, demand remained strong for some product lines, the company said.

The Scan

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