QIAGEN Reports Full Results for Third Quarter and First Nine Months of 2019
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Qiagen (QGEN) Tops Q3 EPS by 1c; Offers Q4 & FY19 EPS Guidance Above Consensus
October 30, 2019 6:00 PM EDTQiagen (NYSE: QGEN) reported Q3 EPS of $0.36, $0.01 better than the analyst estimate of $0.35. Revenue for the quarter came in at $382.7 million versus the consensus estimate of $383.2 million.
Q3 2019 sales in line with October 7 announcement, adjusted EPS at high end of outlook:Net sales of $382.7 million (+1% actual, +3% at constant exchange rates, or CER, vs. initial outlook of ~+4-5% CER)Net loss per share of $0.71; adjusted EPS of $0.36 ($0.36 CER vs. ~$0.35-0.36 CER outlook)Decision to discontinue development of new NGS instruments and prioritize resource allocation, Q3 2019... More