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Merrill gives Millipore neutral rating
Millipore Corp. was rated at neutral by Merrill Lynch analyst Darryl Pardi. The company reported fourth-quarter 2004 earnings per share of $0.62, which were in line with Merrill's estimates and $0.02 above Wall Street consensus. Organic revenues grew 15%, compared with the analyst's forecast of 11% growth. Merrill reduced its 2006 earnings-per-share estimate to $2.59 from $2.80. Shares of the Billerica, Mass., bioscience company were down $2.27, or 3.19%, at $68.98 on volume of 440,700 shares versus the three-month running average of 339,665 shares. (NYSE: MIL)
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