Affymetrix Shares Rise on Q4 Revenue Increase

Shares in Affymetrix closed up 4.9 percent last Wednesday after the company said sales during the fourth quarter of 2004 increased 17 percent to more than $100 million.

Affymetrix said that product-related revenue was a record for the company. The Santa Clara, Calif.-based firm reported third-quarter revenue of $79.9 million, a 4.9 percent increase over revenue of $76.2 million in the third quarter of 2003.

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