Skip to main content
Premium Trial:

Request an Annual Quote

Thermo s Revenues Grow, Earnings Fall in Q4

NEW YORK, Feb. 5 (GenomeWeb News) - ThermoElectron yesterday reported increased revenues but smaller earnings for the fourth quarter of 2003.

 

Thermo's fourth-quarter revenues increased to $583.4 million from $568.7 million a year ago. Its Life and Laboratory Sciences segment, which includes mass spectrometers for proteomics, had $377 million in revenues, up from $333 million in 2002.

 

R&D expenses decreased slightly, to $37 million, from $38.2 million during the same period last year.

 

The company's net income decreased to $61.9 million, or $.37 per share, compared to $87.2 million, or $.51 per share, for the year-ago period. Thermo attributed most of this decrease to discontinued operations and the sale of securities.

 

As of Dec. 31, Thermo had cash and cash equivalents of $303.9 million.

 

The Scan

Shape of Them All

According to BBC News, researchers have developed a protein structure database that includes much of the human proteome.

For Flu and More

The Wall Street Journal reports that several vaccine developers are working on mRNA-based vaccines for influenza.

To Boost Women

China's Ministry of Science and Technology aims to boost the number of female researchers through a new policy, reports the South China Morning Post.

Science Papers Describe Approach to Predict Chemotherapeutic Response, Role of Transcriptional Noise

In Science this week: neural network to predict chemotherapeutic response in cancer patients, and more.