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ImClone's Profits Decline

Stock quotes in this article: IMCL , SNY , BMY  

ImClone System's(IMCL Quote) quarterly earnings beat analysts' expectations Tuesday but fell year over year, as did U.S. sales of its cancer drug Erbitux.

ImClone reported earnings of $31.9 million, or 36 cents a share, compared with $37.2 million, or 42 cents a share, in the same period in 2006. Analysts surveyed by Thomson Financial were expecting 30 cents a share for the quarter.

ImClone said its total revenue was $150.5 million, compared with $149.9 million in the year-ago quarter. ...

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