Life Technologies Corp Fourth Quarter Earnings Sneak Peek

Read Trending Stories

Today's Trending Stocks

Click a Company to Research Now:

S&P 500 (NYSE:SPY) component Life Technologies Corporation (NASDAQ:LIFE) will unveil its latest earnings on Tuesday, February 7, 2012. Life Technologies is a global biotechnology tools company offering products that include systems, instruments, reagents, and custom services.

Life Technologies Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.03 per share, a rise of 14.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.04. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 4.2% versus last year to $3.70.

Last quarter, the company came in at profit of 94 cents per share against a mean estimate of net income of 88 cents per share, beating estimates after missing them in the previous quarter. In the second quarter, it missed forecasts by 5 cents.

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?

Wall St. Revenue Expectations: Analysts are projecting a rise of 3.6% in revenue from the year-earlier quarter to $967.7 million.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

A Look Back: In the third quarter, profit fell 8.8% to $96.3 million (52 cents a share) from $105.5 million (56 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 7% to $928.2 million from $867.1 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 4.1% in the second quarter from the year earlier, climbed 1.2% in the first quarter from the year-ago quarter and 7% in the fourth quarter of the last fiscal year.

The company has seen net income fall in each of the last two quarters. Net income dropped 13.7% in the second quarter.

Stock Price Performance: During December 2, 2011 to February 1, 2012, the stock price had risen $10.02 (25.7%) from $38.97 to $48.99. The stock price saw one of its best stretches over the last year between January 20, 2012 and January 26, 2012 when shares rose for five-straight days, rising 8.2% (+$3.74) over that span. It saw one of its worst periods between July 22, 2011 and August 8, 2011 when shares fell for 12-straight days, falling 25.4% (-$13.09) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Earnings Preview Stories:

Sohu.com Inc. Fourth Quarter Earnings Sneak Peek

Humana Inc. Fourth Quarter Earnings Sneak Peek

Yum! Brands Inc. Fourth Quarter Earnings Sneak Peek

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

Get Your FREE Special Report: 4 Things You Must Know About the US Economy Now!

Do You Want More Profits? Wall St. Cheat Sheet Premium newsletter subscribers have been crushing the markets with winning stock picks.

Click here now for your FREE trial to our acclaimed flagship newsletter:

Learn More

Advertisement:
Improve your Investing Portfolio with Wall St Cheat Sheet Premium

Intelligent Investing

Wall St. Cheat Sheet Premium

Tired of wasting time and money sifting through the noise on TV, websites, and Twitter? Get winning stock picks now.

Gold & Silver Premium

Join Chicago Mercantile Exchange commentator Eric McWhinnie as he covers Gold & Silver for you.

Commodities Premium

Commodities are heating up. This is an investment newsletter you'll need to win in the bull market.

Wall St. Cheat Sheet has been featured in these fine media outlets: