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Digene rises on earnings; sectors flat
LOS ANGELES May 4, 2005 - Digene Corp. jumped more than 21% on rosy earnings
forecasts, while the biotechnology and pharmaceutical indexes hovered near
the flat line in early trading Wednesday.
The Amex Biotechnology Index (BTK) was off a shade at 518.11 points. The
same was true for the Amex Pharmaceutical Index (DRG), which stood at 333.72
points.
Digene (DIGE) surged $4.13 to $23.12, a day after the company's
third-quarter earnings came in double that of forecasts from analysts polled
by Thomson First Call. Digene reported net income of $1.6 million, or 8
cents a share.
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