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Pap test developer reports 11% increase in revenues.

Women's Health Weekly

| June 03, 2004 | COPYRIGHT 2004 NewsRX. 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)Copyright

2004 JUN 3 - (NewsRx.com & NewsRx.net) -- Cytyc Corporation (CYTC) announced results for the first quarter ended March 31, 2004.

Revenues for the quarter rose 11% to $80.7 million compared to $72.6 million in the first quarter of 2003.

Net income for the first quarter of 2004 was $1.5 million, or $0.01 per diluted share, compared with $19.8 million, or $0.17 per diluted share, for the first quarter of 2003.

Excluding nonrecurring charges related to the acquisition of Novacept, net income was $20.6 million, or $0.18 per diluted share. Acquisition charges include acquired in-process research and development costs of $19.1 million.

"This has been an exciting first quarter and a great start to 2004," said Patrick J. Sullivan, Cytyc's chairman, chief ...

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Source: HighBeam Research, Pap test developer reports 11% increase in revenues.

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