Our favorite life sciences company Invitrogen has announced that it showed a $41.1 million profit for the fourth quarter of 2007. That’s “compared with a loss of $100.2 million, or $2.03 a share, in the same quarter 2006.” Congratulations! Some of Carlsbad’s golf companies should take note.
Revenue rose 12 percent to $336.4 million. Analysts had expected $327 million. . . . Shares of Invitrogen were up $2.87 in after-hours trading following the company’s announcement. The stock had closed at $83.43, down $1.57.
They also settled a lawsuit with one of their competitors.
[Link: San Diego Union-Tribune]
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