𝔖 Bobbio Scriptorium
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Genzyme reports significant revenue and earnings growth in 1Q 2007

Publisher
Elsevier Science
Year
2007
Weight
52 KB
Volume
2007
Category
Article
ISSN
1351-4180

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✦ Synopsis

Genzyme reports significant revenue and earnings growth in 1Q 2007

Genzyme Corp reported that 1Q 2007 revenue increased 21% to a record $883.2 M ($730.8 M in 1Q 2006). GAAP net income rose 57% for 1Q 2007 to $158.2 M ($101 M in 1Q 2006), reflecting higher revenue, an improved gross margin, and continued expense control. GAAP earnings for 1Q 2007 rose 54% to $0.57/diluted share, up from $0.37 in 1Q 2006. Non-GAAP net income for 1Q 2007 grew 35% to $210.7 M ($156.5 M in 1Q 2006).

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