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.
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