S&P 500 (NYSE:SPY) component Life Technologies (NASDAQ:LIFE) will unveil its latest earnings tomorrow, Monday, February 4, 2013. Life Technologies is a global biotechnology tools company offering products that include systems, instruments, reagents, and custom services.
Life Technologies Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of $1.11 per share, a rise of 5.7% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 7.3% compared to last year’s $3.98.
Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the third quarter, it reported profit of 92 cents per share against a mean estimate of net income of 89 cents per share. In the second quarter, it missed forecasts by one cent.
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A Look Back: In the third quarter, profit fell 31.6% to $65.9 million (37 cents a share) from $96.3 million (52 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 1.8% to $911.2 million from $928.2 million.
Here’s how Life Technologies traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: