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Chiron Reports Third Quarter Earnings Boost Of 30 Cents Per Share.(Brief Article)

Vaccine Weekly

| November 14, 2001 | COPYRIGHT 2001 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

2001 NOV 14 - (NewsRx.com & NewsRx.net) -- Chiron Corp. (CHIR) reported pro forma income from continuing operations of $58 million, or $0.30 per share, for the third quarter of 2001, as compared with $43 million, or $0.23 per share, reported for the third quarter of 2000. Pro forma results exclude special items, primarily related to the acquisition of PathoGenesis Corp. and discontinued operations. On an as-reported basis, Chiron's income from continuing operations was $51 million, or $0.26 per share, for the third quarter of 2001.

"Our continued strong financial performance reflects the advantages of our unique business model that builds the foundation for solid long-term growth," noted Sean Lance, Chiron's chairman and chief executive officer. "We are confident that the performance and growth in our three businesses will allow us to meet our 2001 goals, with our earnings expected to be at the high end of ...

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Source: HighBeam Research, Chiron Reports Third Quarter Earnings Boost Of 30 Cents Per...

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