Qiagen Posts Strong Rise in Q2 Revenue As Income Narrows
Qiagen this week reported a 14-percent year-over-year increase in second quarter revenues, and decreased net income.
Revenue for the three-month period ended June 30 increased to $98.6 million from $86.3 million one year ago.
R&D expenses in the quarter increased to $9.3 million from $7.6 million year over year. As a result, net income fell to $8.8 million, or $.10 per share, from $11.1 million, or $.08 per share, in the second quarter of 2003.