Qiagen: 3Q Earnings Snapshot

Qiagen: 3Q Earnings Snapshot

Associated Press
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VENLO, Netherlands (AP) _ Qiagen NV (QGEN) on Monday reported third-quarter earnings of $60.3 million.

On a per-share basis, the Venlo, Netherlands-based company said it had profit of 26 cents. Earnings, adjusted for amortization costs and restructuring costs, were 35 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The diagnostic products maker posted revenue of $377.9 million in the period.

Qiagen expects full-year earnings in the range of $1.33 to $1.34 per share.

Qiagen shares have climbed almost 8 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $33.33, a decline of 2 percent 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

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