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Qiagen: 1Q Earnings Snapshot

VENLO, Netherlands (AP) _ Qiagen NV (QGEN) on Monday reported first-quarter net income of $29.5 million.

The Venlo, Netherlands-based company said it had profit of 13 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were 27 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The diagnostic products maker posted revenue of $348.7 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $351.3 million.

Qiagen expects full-year earnings in the range of $1.45 to $1.47 per share.

Qiagen shares have climbed 13% since the beginning of the year. In the final minutes of trading on Monday, shares hit $38.85, a climb of 13% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QGEN at https://www.zacks.com/ap/QGEN