NEW YORK (GenomeWeb News) — Sigma-Aldrich yesterday said third-quarter revenue rose 14 percent as R&D spending increased 14 percent and profit widened 5 percent.
Total receipts for the three months ended Sept. 30 increased to $503.2 million from $441.4 million year over year.
R&D spending increased to $15 million from $13.2 million year over year.
The company said profit increased to $71.6 million from $68.4 million in the year-ago period.
Sigma-Aldrich said it had around $202.8 million in cash and equivalents as of Sept. 30.
The company said it expects organic sales to grow around 7 percent in the fourth quarter and for the full fiscal year.