QIAGEN (QGEN) Beats Q1 Earnings Estimates, Retains View
Zacks Investment Research | May 02, 2017 09:40PM ET
QIAGEN N.V. (NASDAQ:QGEN) reported first-quarter 2017 adjusted earnings per share (considering restructuring expenses as one time item) of 22 cents, up 15.8% year over year. The reported figure was ahead of the Zacks Consensus Estimate by a penny.
At constant exchange rate or CER, the company reported adjusted earnings per share (EPS) of 21 cents, which is in line with the lower-end of the company’s guidance range of 21–22 cents at CER.
Considering one-time items, QIAGEN’s reported EPS for the quarter is 8 cents, up 14.3% year over year.
Revenues in Detail
Net sales at actual rates in the first quarter grew 3.1% on a year-over-year basis to $307.7 million (up 5% at CER). The top line was in line with the Zacks Consensus Estimate. Adverse currency translation impacted the top line by 2%.
Qiagen N.V. Price, Consensus and EPS Surprise
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