Applied Biosystems Reports Fourth Quarter and Fiscal 2006 Results

FOSTER CITY, Calif.--(BUSINESS WIRE)--July 27, 2006--Applied Biosystems Group (NYSE: ABI - News): Applied Biosystems Group (NYSE: ABI - News), an Applera Corporation business, today reported net revenues of $523.1 million for the fourth quarter of fiscal 2006, a 9% increase over the prior year quarter revenues of $478.5 million. Revenues for the quarter increased 6% over the prior year period excluding the impact of the March 2006 acquisition of the Research Products Division of Ambion, Inc. The impact of foreign currency on revenues for the quarter was not material. Net income was $76.7 million, compared to $71.6 million for the prior year quarter, and was affected by specified items in both periods described below. Earnings per share (EPS) for the quarter were $0.41, compared to $0.35 for the prior year quarter. EPS for the quarter on a non-GAAP basis, excluding the specified items described in the reconciliation schedule below, were $0.35, a 13% increase compared to $0.31 for the prior year quarter. The net effect of foreign currency increased EPS by approximately $0.01 compared to the prior year quarter. All per share amounts refer to Applera Corporation-Applied Biosystems Group Common Stock.
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