Sigma-Aldrich Revenues Dip 2 Percent on Negative Currency Translation | GenomeWeb

NEW YORK (GenomeWeb) – Sigma-Aldrich today reported a 2 percent decrease year over year in its first quarter revenues, due to negative currency effects.

For the three months ended March 31, 2015, Sigma-Aldrich's total revenues decreased to $676 million from $689 million in the prior-year period, falling short of analysts' consensus estimate of $685.2 million.

The effect of foreign currency translation reduced Q1 revenues by 8 percent, the firm said in a statement. On an organic basis, its revenue growth was 5 percent for the quarter.

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