EARNINGS REPORTING - surprises, misses & more Message Board

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Non-Tech : EARNINGS REPORTING - surprises, misses & more

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To: 2MAR$ who wrote (398)	10/25/2000 6:40:20 PM
From: 2MAR$	Read Replies (1) of 762

AFFX (+16 @ $69) Rises Sharply After break-even Third-Quarter Earnings Report By Yi Ping Ho Staff Reporter 10/25/00 1:56 PM ET Shares of Affymetrix (AFFX:Nasdaq - news) rose sharply after the company posted slight third-quarter profits and broke even on a per-share basis. The company's shares recently traded up $15.69, or 30%, to $68 in Nasdaq trading. The Santa Clara, Calif., company, which makes arrays used by scientists to determine gene activity, posted a third-quarter profit of $300,000, or break-even on a per-share basis, compared with a loss of $5.8 million, or 11 cents a share, in the same period last year. Ten analysts polled by First Call/Thomson Financial expected the company to lose 12 cents a share. Revenue rose 89% to $55.8 million from $29.5 million a year ago, on the strength of sales from its GeneChip arrays.

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