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Qiagen: 2Q Earnings Snapshot

VENLO, Netherlands (AP) _ Qiagen NV (QGEN) on Wednesday reported second-quarter net income of $44.7 million.

The Venlo, Netherlands-based company said it had profit of 19 cents per share. Earnings, adjusted for non-recurring costs, came to 33 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The diagnostic products maker posted revenue of $381.6 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $386.4 million.

Qiagen shares have increased 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $40.11, a climb of slightly more than 9% in the last 12 months.


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