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Article: Safeguard Scientifics Posts 2Q Financial Results
- Article from:
- Manufacturing Close-Up
- Article date:
- August 10, 2009
CopyrightCopyright 2009 Manufacturing Close-Up. Provided by ProQuest LLC. (Hide copyright information)
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Safeguard Scientifics, a holding company for growth-stage life
sciences and technology companies, announced second quarter results.
In a release dated August 5, the company stated:
- 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, and an
additional gain of $52.5 million resulting from the mark-to-market
of Safeguard's ...