Life Technologies Corp. (LIFE) Thursday reported first-quarter net income attributable to controlling interest of $121.1 million or $0.69 per share, compared to $132.6 million or $0.72 per share in the comparable quarter last year.
Excluding items, adjusted earnings for the quarter were $186.0 million or $1.07 per share, up from $181.3 million or $0.99 per share a year ago. On average, twenty two analysts polled by Thomson Reuters expected the company to earn $1.04 per share. Analysts' estimates typically exclude special items.
Revenues for the quarter were $962.51 million, down from $939.11 million in the year-ago quarter, while twenty analysts on consensus estimated revenues of $958.56 million for the quarter.
Looking ahead to first quarter, the company expects adjusted earnings of $0.94 to $0.97 per share and expects revenue in the range of $950 million to $955 million.
Analysts currently expect earnings of $1.06 per share and revenue of $979.68 million for fiscal 2013.
For comments and feedback: editorial@rttnews.com