Alere Inc. (ALR: Quote) posted second-quarter net loss available to common stockholders of $18.19 million or $0.23 per share versus loss of $4.67 million or $0.05 per share a year ago.
Adjusted cash-basis net income per share were $0.48, up from $0.46 in the prior-year quarter. On average, 10 analysts polled by Thomson Reuters expected the company to report earnings of $0.52 per share. Analysts' estimates typically exclude special items.
Net revenue reached $700.52 million, up from $567.19 million a year ago. Analysts expected revenues of $654.98 million.
Adjusted net revenue was $701.64 million compared to $567.19 million a year earlier.
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by RTT Staff Writer
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