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Article: Safeguard Scientifics Announces Second Quarter 2009 Financial Results.(Company overview)
- Article from:
- Nanotechnology Business Journal
- Article date:
- August 17, 2009
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Safeguard Scientifics, Inc. (NYSE: SFE), a holding company that builds value in growth-stage life sciences and technology companies, announced that consolidated net income from continuing operations attributable to Safeguard common shareholders in the second quarter was $146.2 million, or $1.20 per share, compared with a net loss of $7.5 million, or $0.06 per share, in the same period of 2008.
Second quarter results reflect recognition of an unrealized gain in income from continuing operations of $106.0 million stemming from the deconsolidation of Safeguard's holdings in Clarient, Inc. (Nasdaq: CLRT) and an additional gain of $52.5 million resulting from the ...