Navigation Links
Updated: Life Technologies Announces Fourth Quarter and Fiscal Year 2011 Results
Date:2/29/2012

CARLSBAD, Calif., Feb. 29, 2012 /PRNewswire/ -- Life Technologies Corporation (NASDAQ: LIFE) today announced a revision to the Company's earnings release dated February 7, 2012.  Subsequent to the release but before the Company issued its financial statements for the fiscal year ended December 31, 2011, a court entered judgment against the Company on a case in litigation.  The case, depending on the final outcome, could require the Company to pay additional damages of up to three times the judgment plus plaintiff's attorney's fees. The Company does not expect this verdict to have a material impact on its business going forward.  Although the Company is considering all its options in view of the judgment, including filing various post-trial motions and an appeal, the Company has recorded a charge of approximately $56 million related to the lawsuit and unpaid royalties in the fourth quarter of fiscal 2011. As a result, the Company's previously reported fourth quarter and full year 2011 GAAP diluted earnings per share will decrease $0.18 per share from $0.69 and $2.23 per share to $0.51 and $2.05 per share, respectively.  Non-GAAP diluted earnings per share will decrease $0.01 per share from $1.06 to $1.05 for the fourth quarter ended December 31, 2011 and $0.02 per share from $3.73 to $3.71 for the year ended December 31, 2011.  The Company has provided revised financial statements and a reconciliation of the Consolidated Statements of Operations provided on February 7, 2012 to the revised Consolidated Statements of Operations.  

(Logo: http://photos.prnewswire.com/prnh/20110216/MM49339LOGO)

The full updated press release follows:Life Technologies Announces Fourth Quarter and Fiscal Year 2011 Results

  • Fourth quarter revenue increased 4 percent to $970 m
    '/>"/>

    • SOURCE Life Technologies Corporation
    Copyright©2010 PR Newswire.
    All rights reserved

    0

    GOOD

    Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23

    Related biology technology :

    1. BioSpecifics Technologies Corp. Reports Second Quarter 2008 Financial Results
    2. RainDance Technologies Appoints Olex Vice President, System Development
    3. Palatin Technologies, Inc. Reports Positive Results of Phase 2a Clinical Study with PL-3994 for the Treatment of Heart Failure
    4. Reliant Technologies Announces Canadian Launch of Fraxel re:pair(R) Laser: A New Class of Treatment Therapy for CO2 Laser Skin Resurfacing
    5. RF Technologies(R) Installs Safe Place(R) Solution for Pediatric and Infant Security at ProHealth Cares Waukesha Memorial Hospital
    6. Sonus Pharmaceuticals and OncoGenex Technologies complete business combination; OncoGenex Pharmaceuticals to commence trading on NASDAQ Capital Market today
    7. Cryo-Cell International and EndGenitor Technologies Announce Research Collaboration
    8. Anthill Technologies Announces Agreement With Zafgen
    9. Neptune Technologies Reports Record Fiscal 2008 Fourth Quarter and Year End Results
    10. BioSpecifics Technologies Corp. Buys Down Royalties for Peyronies Disease
    11. Neptune Technologies successfully completes up to $8.5 million debt financing with Desjardins Group
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:5/20/2013)... (PRWEB) May 20, 2013 Kitware, a ... visualization tool that enables the exploration of hospital ... created in response to the recent release of “Medicare ... the top 100 most-billed procedures from the Centers for ... costs for similar procedures at hospitals across the country ...
    (Date:5/20/2013)... May 20, 2013 The World Molecular ... appointment of Lisa Baird as Executive Director. Baird ... 2013. The WMIS vision is to encompass ... understand and effectively treat diseases in the developed and ... was established in 2011 by integrating the Academy of ...
    (Date:5/19/2013)... MA (PRWEB) May 19, 2013 The ... social media training online, has proudly announced that the ... small business has surpassed 175,000 views on YouTube. The ... social media and SEO tips and training for small ... my students find the YouTube tips helpful for their ...
    (Date:5/17/2013)... Dr. Sparano is Professor of Medicine and Professor ... Einstein College of Medicine and Associate Chairman of the ... He is also Associate Director for Clinical Research at ... Cancer Working Group, a multidisciplinary group of physicians and ... serves as Vice Chair of the National Cancer Institute ...
    Breaking Biology Technology:Kitware Enables Interactive Exploration of CMS Medicare Data 2WMIS Appoints Lisa Baird as Next Executive Director 2YouTube Channel on SEO Tips Surpasses 175,000 Views, Announces JM Internet Group 2Joseph A. Sparano, MD, Named Vice Chair of ECOG-ACRIN Cancer Research Group 2Joseph A. Sparano, MD, Named Vice Chair of ECOG-ACRIN Cancer Research Group 3
    ... , SAN DIEGO, Aug. 4 Optimer Pharmaceuticals, ... the Canaccord Adams 29th Annual Global Growth Conference at the Intercontinental ... , , (Logo: http://www.newscom.com/cgi-bin/prnh/20090413/LA97352LOGO ) , ... accessible on the Company,s website at www.optimerpharma.com , ...
    ... SOUTHAMPTON, Pa., Aug. 4 Environmental Tectonics Corporation,s ... Systems Division has been contracted with Hospimedica International Pvt. ... monoplace hyperbaric chamber. The chamber was sold through ETC,s ... Hospimedica International Pvt. Ltd. has over 20 ...
    ... FT. LAUDERDALE, Fla., Aug. 4 OmniComm Systems, Inc. (OTC ... (EDC) solutions for clinical trials announced today that the company ... provider, Logos Technologies, Ltd. The acquisition will be operated by ... Logos, exceptional software is used to collect clinical ...
    Cached Biology Technology:Optimer Pharmaceuticals to Present at the Canaccord Adams 29th Annual Global Growth Conference 2ETC Biomedical Announces Chamber Sale in India 2ETC Biomedical Announces Chamber Sale in India 3ETC Biomedical Announces Chamber Sale in India 4OmniComm Systems Acquires EDC Assets of Leading Phase I Clinical Software Vendor - Logos Technologies, Ltd. 2OmniComm Systems Acquires EDC Assets of Leading Phase I Clinical Software Vendor - Logos Technologies, Ltd. 3
    (Date:5/17/2013)... the interaction of a group of proteins in the ... identified a new target that could increase cell survival. ... School of Biochemistry and published in the EMBO ... eventually lead to new therapies for stroke and other ... by the team which identified a protein, known as ...
    (Date:5/17/2013)... and Sustainable Global Logistics Operations) is aiming to cut ... of intermodal loading systems and the boosting of intelligent ... organisations with experience in the logistics sector and in ... and a duration of three and a half years. ... semantic components and ontologies shared by the users, objects ...
    (Date:5/17/2013)... Societies for Experimental Biology (FASEB) released a new ... trends highlighting the devastating impact of sequestration on the ... follows a May 15th Senate Appropriations Committee hearing featuring ... the $1.6 billion cut the agency sustained in FY ... on the scientific community." , According to data ...
    Breaking Biology News(10 mins):SUMO wrestling cells reveal new protective mechanism target for stroke 2New logistics services that will cut energy consumption and CO2 emissions 2
    ... obesity scale in a new international study of adolescents ... professor in Queen's University's School of Physical & Health ... And sedentary behaviour ?like watching television ?was strongly correlated ... alarming finding is one that runs contrary to what ...
    ... day benefit from treatment with mixtures of customized antibodies. ... the National Academy of Sciences (USA), a team of ... might form a web that destroys the cancer cell's ... of intensive cancer research led to the identification of ...
    ... Earth roughly every 26 million years, leading some scientists ... collisions with comets or asteroids. A researcher in Poland ... at fault instead. , Adam Lipowski (Adam Mickiewicz University) ... both food and living space. The model also included ...
    Cached Biology News:Canadian youth 4th highest in international obesity study 2Two are better than one 2
    ... Endothelin-1 (human, porcine) Endogenous ... endothelin ETA receptor and modulates vascular tonus. ... of three distinct endothelin genes. ET-2 and ... in two and six amino acids, respectively. ...
    HP 1 alpha Immunogen: Synthetic peptide between amino acids 1-100 of the human HP 1 alpha protein. Storage: -20 C, Avoid Freeze/Thaw Cycles...
    ... siRNA Custom Synthesis Service provides ... RNA to knockdown any gene. ... RNA base pairs with terminal ... or other lengths of your ...
    Tracker Datamatrix RS-1* reads 96 2D Bar-coded tubes within 20 seconds....
    Biology Products: