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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).
๐ SIMILAR VOLUMES
catalysts business of Nippon Shokubai Co Ltd has reported total sales of Yen 29.32 bn (Yen 23.34 bn for its fiscal 2005), operating income of Yen 2.98 bn (Yen 3.12 bn), and capital investments of Yen 370 M (Yen 394 M). Sales of automotive catalysts increased as surging precious metal pricing increas