VENLO, Netherlands (AP) _ Qiagen NV (QGEN) on Wednesday reported a third-quarter loss of $160.6 million, after reporting a profit in the same period a year earlier.
The Venlo, Netherlands-based company said it had a loss of 71 cents per share. Earnings, adjusted for restructuring costs and amortization costs, were 36 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The diagnostic products maker posted revenue of $382.7 million in the period.
For the current quarter ending in December, Qiagen expects its per-share earnings to range from 45 cents to 46 cents.
The company expects full-year earnings in the range of $1.43 to $1.44 per share.
Qiagen shares have decreased 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $29.08, a fall of 18% in the last 12 months.