Finance

Company reports increased revenues for 2003, provides guidance for 2004

Published in Women's Health Weekly, March 18th, 2004

Genzyme Corp. (GENZ) reported financial results for the fourth quarter of 2003 and for the year; the company also provided guidance for its financial performance in 2004.

Genzyme consolidated its capital structure on June 30, 2003, by eliminating its tracking stocks. Figures reported for 2003 represent results for Genzyme General in the first and second quarters of the year and for the entire corporation in the third and fourth quarters.

Net income for the fourth quarter was $66.7 million, or $0.29 per diluted share, compared with net income of $44.7 million, or $0.20 per diluted share, for the fourth quarter a year earlier. Excluding special items...

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Source: Women's Health Weekly (2004-03-18)

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