Merrill Lynch keeps Millipore at neutral

Millipore Corp. was maintained by Merrill Lynch analyst J. Darryl Pardi at neutral after the company reported third-quarter earnings per share of $0.58, $0.03 above Merrill estimates, due primarily to wider margins, higher taxes and a higher diluted share count. Because of these factors, Merrill said it has lowered its fourth-quarter earnings per share estimate to $0.62 from $.0.64, though it maintains its 2006 earnings per share estimate at $2.80. Shares of the Billerica, Mass.-based biotechnology company were down $1.85, or 2.97%, at $60.48 on volume of 803,100 shares versus the three-month running average of 277,152 shares.

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