Life Technologies Corporation (LIFE) Tuesday reported second-quarter net income attributable to controlling interest of $122.4 million or $0.67 per share, compared to $95.5 million or $0.52 per share last year.
Adjusted net income for the quarter was $173.9 million or $0.96 per share, compared to $163.6 million or $0.89 per share last year. On average, 22 analysts polled by Thomson Reuters expected the company to report profit of $0.97 per share. Analysts' estimates typically exclude special items.
Revenues for the second quarter increased to $950 million from $945 million last year. Analysts estimated revenues of $945.19 million for the quarter.
Going forward, the company now expects full year 2012 organic revenue growth at the low end of its previously provided range of 2 to 4 percent over 2011 revenues of $3.7 billion.
The company now expects earnings for the full year of in a range of $3.90 to $4.00 per share, compared to prior estimate of $3.90 to $4.05 per share.
Analysts currently expects earnings of $4.00 per share on revenues of $3.83 billion for fiscal year 2012.
The company also approved a share repurchase program, authorizing to purchase up to $750 million of its common stock.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.