Market Gems-Trading Strong Earnings Growth and Momentum Message Board

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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Jenna who wrote (3326)	1/29/2001 4:35:21 PM
From: Jenna	Read Replies (1) of 6445

IDPH ---- Third Consecutive Year of Profitability Reported by IDEC Pharmaceuticals Revenue Growth of 31 Percent for Year 2000 SAN DIEGO--(BW HealthWire)--Jan. 29, 2001--IDEC Pharmaceuticals Corporation (Nasdaq:IDPH - news) today announced its financial results for the fourth quarter and year ended December 31, 2000. Total annual revenues were $154.7 million, a $36.7 million, or 31 percent increase over 1999 revenues of $118.0 million. The company reported net income of $48.1 million, or $0.30 per share on a diluted basis in 2000, versus net income of $43.2 million, or $0.29 per share on a diluted basis for the same period in 1999. IDEC's fourth quarter and full year results for both 2000 and 1999 have been adjusted to reflect IDEC's three-for-one stock split in January 2001 and implementation of the U.S. Securities and Exchange Commission Staff Accounting Bulletin No. 101. If IDEC had not implemented SAB No. 101, the reported earnings per share on a diluted basis would have been $0.33 per share for the year ended December 31, 2000.

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