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Qiagen: 4Q Earnings Snapshot

VENLO, Netherlands (AP) _ Qiagen NV (QGEN) on Monday reported fourth-quarter net income of $61 million, after reporting a loss in the same period a year earlier.

The Venlo, Netherlands-based company said it had profit of 26 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, came to 40 cents per share.

The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 40 cents per share.

The diagnostic products maker posted revenue of $403.2 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $409 million.

For the year, the company reported profit of $190.4 million, or 82 cents per share. Revenue was reported as $1.5 billion.

For the current quarter ending in April, Qiagen expects its per-share earnings to range from 26 cents to 27 cents.

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

Qiagen shares have climbed 7 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $36.90, a rise of 11 percent 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