Pall Corporation Reports Q3 Results

Shares of Pall Corporation PLL are trading lower in the after-hours following the release of the company's Q3 earnings results. Currently PLL is lower by 0.02%, at $52.91; shares ended the regular session lower by 0.75%, at $52.92. Pall Corporation reported Q3 EPS of $0.60 on revenues of $709.8 million. Revenues increased 15.2% year over year. Foreign currency translation increased reported sales by 4.5%. Eric Krasnoff, CEO and President, said, "Fiscal 2011 sales have increased by double digits throughout the year. Third quarter sales rose 11% in LC with Life Sciences up 12% and Industrial close to 10%. BioPharmaceuticals again performed well reflecting Pall's broadening presence throughout the biotech production process. Microelectronics grew, driven by increased semiconductor production for a wide variety of industrial and consumer products.” Pall Corporation along with its subsidiaries, is a supplier of filtration, separation and purification technologies, principally made by the company using its engineering capability and fluid management expertise, filter media, and other fluid clarification and separations equipment for the removal of solid, liquid and gaseous contaminants from a variety of liquids and gases.