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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?


To: Jenna who wrote (3094)1/25/2001 7:13:48 PM
From: Jenna  Respond to of 6445
 
Cytyc up after hours (Earnings Play) beats the street. We were watching CYTC today but all it did was move down to the extent we thought some earnings information had leaked out. Turns out it was probably a little stagefright.

Reports Record Revenues and Earnings for the Fourth Quarter and Year
THURSDAY, JANUARY 25, 2001 4:09 PM
- BusinessWire

BOXBOROUGH, Mass., Jan 25, 2001 (BUSINESS:CYTC) today reported record revenues and earnings for the fourth quarter and year ended December 31, 2000. The Company also announced that its share of the United States Pap test market increased to approximately 36 percent for the fourth quarter.

Revenues for the fourth quarter were $42.6 million, a 14 percent increase from the $37.2 million reported in the third quarter of 2000 and a 72 percent increase from the $24.7 million reported in the comparable quarter of 1999. Net income grew 34 percent to $14.8 million, or $0.37 per diluted share, compared to $11.0 million, or $0.28 per diluted share in the third quarter. In the fourth quarter of 1999, the Company reported net income of $2.9 million, or $0.07 per diluted share.