Qiagen NV Q4 Profit Decreases, but beats estimates

Qiagen NV (QGEN) reported earnings for fourth quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $89 million, or $0.39 per share. This compares with $129 million, or $0.56 per share, in last year's fourth quarter.

Excluding items, Qiagen NV reported adjusted earnings of $122 million or $0.53 per share for the period.

Analysts on average had expected the company to earn $0.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 14.4% to $498 million from $582 million last year.

Qiagen NV earnings at a glance (GAAP) :

-Earnings (Q4): $89 Mln. vs. $129 Mln. last year.
-EPS (Q4): $0.39 vs. $0.56 last year.
-Analyst Estimates: $0.47
-Revenue (Q4): $498 Mln vs. $582 Mln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT