Qiagen NV (QGEN) announced that its third-quarter net income attributable to the company increased 81% to US$37.7 million from US$20.8 million in the same quarter of 2008. Earnings per share for the third quarter increased 80% to US$0.18 in 2009 from US$0.10 in 2008. Adjusted net income increased 26% to US$53.5 million from US$42.4 million in 2008. Adjusted earnings per share increased 24% to US$0.26 in the third quarter 2009 from US$0.21 in 2008.
Consolidated net sales for its third quarter 2009 increased 13% to US$259.7 million from US$230.8 million in the same quarter of 2008.
Analysts polled by Thomson Reuters expected the company to report earnings of US$0.23 per share on revenues of $256.88 million for the quarter. Analysts' estimates typically exclude special items.
The company now expects fiscal 2009 adjusted earnings to be in the range of US$0.88 - US$0.90 per share, compared to previous range of US$0.86 - US$0.90 per share. Analysts expect the company to report earnings of US$0.85 per share for fiscal 2009.
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