Financial Outlook: Comments are subject to the risk factors detailed in the Safe Harbor Statement section of this release. Looking ahead to the second half of 2011, the company expects constant currency revenue growth to be between 3 and 5 percent. The acceleration in total company revenue growth rate from the first half of 2011 is expected to result from an increase in revenue growth in China, and continued strong growth in sales of the Ion Torrent PGM.
Resulting fiscal year 2011 constant currency revenue growth is expected to be between 2 and 4 percent. This level of revenue growth is expected to result in approximately $3.70 to $3.80 of non-GAAP earnings per share.
Constant currency revenue growth for fiscal year 2012 is expected to be in the mid-single digits. This level of revenue growth is expected to result in double digit earnings growth.
The company will provide further detail on its business outlook during the webcast today.
Webcast Details The company will discuss its financial and business results as well as its business outlook on its webcast at 8:00 AM ET today. This webcast will contain forward-looking information. The webcast will include a discussion of "non-GAAP financial measures" as that term is defined in Regulation G. For actual results, the most directly comparable GAAP financial measures and information reconciling these non-GAAP financial measures to the company's financial results determined in accordance with GAAP, as well as other material financial and statistical information to be discussed on the webcast will be posted at the company's Investor Relations Web site at www.lifetechnologies.com. The webcast can be accessed through the investor relations page of the Life Technologies' website at http://ir.lifetechnologies.com/events.
|SOURCE Life Technologies Corporation|
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