|
|
Article: Genentech Reports 17 Percent Increase in Non-GAAP Earnings Per Share for Third Quarter 2003; 19 Percent Increase in Product Sales.
- Article from:
- Business Wire
- Article date:
- October 8, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Oct. 8, 2003
Genentech, Inc. (NYSE:DNA) today announced a 17 percent increase in non-GAAP (formerly pro forma) earnings per share for the third quarter of 2003 driven by a 19 percent increase in product sales compared to the third quarter of 2002. Genentech's non-GAAP earnings per share increased 37 percent to 93 cents for the first nine months of 2003.
"We are pleased with Genentech's strong quarter, and we remain on track to meet our 5X5 goals," said Arthur D. Levinson, Ph.D., Genentech's chairman and chief executive officer. "This quarter we also achieved several important ...