Life Technologies Corporation (LIFE) Misses Q2 EPS by 6c, Offers 2H 2011 Guidance, Adds $200 Million to Buyback Plan

Life Technologies Corporation (NASDAQ: LIFE) reported Q2 EPS of $0.89, $0.06 worse than the analyst estimate of $0.95. Revenue for the quarter came in at $945 million versus the consensus estimate of $960.78 million.

Looking ahead to the second half of 2011, the company expects constant currency revenue growth to be between 3 and 5 percent.

Resulting fiscal year 2011 constant currency revenue growth is expected to be between 2 and 4 percent. This level of revenue growth is expected to result in approximately $3.70 to $3.80 of non-GAAP earnings per share.

The company announced a $200 million share repurchase program. In total, the company now has authorization to repurchase up to $500 million in shares on the open market, subject to market conditions and other factors.

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