Tripos Shares Slide 10 Percent After Q2 Revenues Decline and Profit Slips to Loss

Aug 08, 2006

NEW YORK (GenomeWeb News) – Tripos said today that second-quarter revenues declined 33 percent despite a 23 percent revenue growth in its discovery informatics businesses.

Shares in the company were down 10 percent, or $.20, at $1.75 in mid-afternoon trading today on the news.

Receipts for the second quarter dropped to $8.9 million from $13 million in the same quarter last year.

To read the full story....

Register for Free.

...and receive Daily News bulletins.

Already have an account?
Login Now.

Breaking News

The Scan

Closely Intertwined

The New York Times and ProPublica look into the close relationship between a startup and Memorial Sloan Kettering Cancer Center.

Little From Here and There

Yahoo News reports millions of dollars are being transferred from NIH, CDC, and other programs to pay for the housing of detained undocumented immigrant children.

This Week in Science

In Science this week: in vitro generation of human reproductive cells, and more.

All the Arms for Hugging

Researchers gave a handful of octopuses MDMA to find that they too act more social on the drug, Gizmodo reports.

Main menu