QIAGEN Q4 Profit Increases; Provides FY10 Guidance - Quick Facts

QIAGEN N.V. (QGEN) reported fourth-quarter net income attributable to the company of $44.464 million or $0.18 per share compared to $24.683 million or $0.12 per share last year.

Adjusted EPS increased to $0.24 from $0.22 prior year.

On average, 7 analysts polled by Thomson Reuters expected the company to report profit of $0.22 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $289.077 million from $237.182 million a year ago. Analysts expected revenue of $267.84 million for the quarter.

For fiscal 2010; based on foreign currency exchange rates as of January 31, 2010, QIAGEN expects revenues between $1.120 billion and $1.170 billion in 2010 and adjusted earnings per share between $0.90 and $0.96 including a diluting effect of $0.02 following the DxS acquisition in September 2009.

by RTTNews Staff Writer

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