Affymetrix reports 4th-quarter profit, shares surge in after-hours trading

Affymetrix reports 4Q profit, shares rise

SANTA CLARA, Calif. — Genetic data analysis instrument maker Affymetrix Inc. reported a fourth-quarter profit Wednesday on a mix of higher revenue and a lack of hefty charges seen a year prior.

The company earned $2.8 million, or 4 cents per share, compared with a loss of $318.7 million, or $4.65 per share, during the same period a year prior. Revenue rose to $88.8 million from $78.6 million.

In the year-ago period the company had an impairment charge of about $3.49 per share and a restructuring charge of about 21 cents per share.

Analysts polled by Thomson Reuters expected a loss of 10 cents per share on revenue of $82.9 million.

For the full year, the company lost $23.9 million, or 35 cents per share, compared with a loss of $307.9 million, or $4.49 per share, in 2008. Revenue fell to $327.1 million from $410.2 million.

Shares of Affymetrix rose $1.13, or 19.9 percent, to $6.80 in after-hours trading after falling 11 cents to close at $5.67 during the regular trading session.