BURLINGTON, N.C. — Revenues increased 21 percent for TriPath Imaging (NASDAQ: TPTH) in the third quarter over the same period in 2005, but profits fell to just $68,000, the company reported Wednesday after the markets closed.
TriPath reported $1.8 million in expenses related to its pending acquisition by Becton Dickinson. The company reported a $1.8 million profit for the third quarter in 2005.
TriPath, which has more than 300 employees in Research Triangle Park, is being acquired by Becton Dickinson for $350 million. The deal is expected to be approved by TriPath stockholders in December.
For details of the earnings report, see: phx.corporate-ir.net/phoenix.zhtml?c=77104&p=irol-newsArticle&ID=928756&highlight=
