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Life Technologies Announces Third Quarter 2013 Results
Date:11/5/2013

CARLSBAD, Calif., Nov. 5, 2013 /PRNewswire/ -- Life Technologies Corporation (NASDAQ: LIFE) today announced results for its third quarter ended September 30, 2013.  Revenue for the third quarter was $936 million, an increase of 3 percent over the $911 million reported for the third quarter of 2012.  Excluding the impact of currency, revenue growth for the quarter was 4 percent compared to the same period of the prior year."We are pleased with our mid-single digit revenue and double-digit non-GAAP EPS growth, which was driven by strength across our Research Consumables and Applied Sciences business groups, solid growth in Japan and emerging markets such as China, and continued stability in the U.S. and Europe," said Gregory T. Lucier, chairman and chief executive officer of Life Technologies.  "During the quarter, we continued to execute against our strategy of expanding into growth markets by introducing new products in stem cells and next generation sequencing and by opening a state-of-the art forensics lab in India.  In addition, we partnered with TriCore Reference Laboratories to establish our first next-generation sequencing Center of Excellence focused on clinical research."

Lucier continued, "On August 21, 2013, our stockholders voted to adopt the Life Technologies and Thermo Fisher merger agreement, representing a significant milestone and bringing us one step closer to the anticipated close of the acquisition in early 2014. Both companies remain excited about creating the unrivaled leader in life sciences that will continue to accelerate innovation and better meet the needs of our customers."

Life Technologies reported results compared to the quarter ended September 30, 2012.  Results are non-GAAP unless indicated otherwise.  A full reconciliation of non-GAAP to GAAP measures can be found in the tables of today's press release.


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