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Non-Tech : $2 or higher gas - Can ethanol make a comeback? -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (126)	10/29/2004 10:15:11 AM
From: richardred	Read Replies (1) \| Respond to of 2801

GCOR-Associated Press Genencor 3Q Profit Falls 27 Percent Thursday October 28, 5:30 pm ET Genencor Third-Quarter Profit Falls 27 Percent on Increased Expenses PALO ALTO, Calif. (AP) -- Biotech company Genencor International Inc. reported Thursday that third-quarter earnings fell from the year ago period because of increased general and administrative expenses and third party consulting fees. Quarterly earnings fell to $3 million, or 2 cents per share, from $4.1 million, or 4 cents per share, last year. Revenue for the period rose 8 percent to $101.9 million from $94.1 million because of market acceptance of the company's alcohol fermentation, carbohydrate processing and food, feed and specialty products along with double-digit sales growth in Asia, Europe, and Latin America. The company reaffirms its guidance for full-year earnings of 38 cents to 40 cents per share on revenue of $400 million to $406 million.