Alere Reports Third Quarter 2015 Financial Results
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Weak Sales Contribute to Alere's (ALR) 3Q Miss; Leerink Partners Cuts Price Target to $50
November 5, 2015 8:42 AM ESTLeerink Partners reiterated a Market Perform rating on Alere (NYSE: ALR), and cut the price target to $50.00 (from $55.00), following the company's 3Q earnings report. Revenue of $602.5M missed consensus by 7%. Adjusted EPS of $0.54 was also below the Street's projection by ~10%. Malaria sales... More
Alere (ALR) Misses Q3 EPS by 7c
November 4, 2015 4:31 PM ESTAlere (NYSE: ALR) reported Q3 EPS of $0.54, $0.07 worse than the analyst estimate of $0.61. Revenue for the quarter came in at $602 million versus the consensus estimate of $646.29 million.
For earnings history and earnings-related data on Alere (ALR) click here.
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