EBS: 2007 Earnings Announced

2007 Earnings Announced

After a disappointing two months, Emergent Biosolutions declared on Monday, January 7th, 2007 that it expected to report an increase in sales of up to 20% from 2006, above what it predicted earlier in the year. According to Emergent, 2007 revenue was approximately $183 million, and even higher revenues are forecasted in 2008. This news caused its stock price to rise as much as 60%, up to nearly $8.00 per share.Baltimore Business Journal, 01/07/2008, http://www.bizjournals.com/baltimore/stories/2008/01/07/daily4.html?ana=from_rss

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