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November 9, 2006
By: Tim Wright
AMRI 3Q Revenues: $44.2 million (flat) 3Q Earnings: $1.4 million (-68%) YTD Revenues: $133.2 million (-8%) YTD Earnings: $2.9 million (-83%) Comments: Total contract revenue for the quarter was $37.9 million, up 20%. Contract revenue for discovery services was $10.0 million, up 61%. Contract revenue from development and small scale manufacturing in the quarter was $9.6 million, up 45%. Large scale manufacturing revenues were $18.2 million, down 2%. Results for the quarter and YTD reflect a reduction in Allegra royalties, as well as the effects on large scale manufacturing due to the discontinuation of one product supplied to GE Healthcare in 2005.
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