Invitrogen Revenues and Earnings Up in Q2

Invitrogen’s revenues and earnings increased for the second quarter, the company reported this week.

Revenues increased approximately 32 percent to $254 million, compared to $192.4 million during the second quarter of 2003.

Invitrogen said the revenue growth included a 19 percent increase in its BioDiscovery unit, which is due principally to its Molecular Probes acquisition.

Research and development costs increased to $18.2 million, from $12.6 mllion during the same quarter last year.

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