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.

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