PL VENLO, Netherlands (AP) — PL VENLO, Netherlands (AP) — Qiagen NV (QGEN) on Wednesday reported fourth-quarter net income of $88.3 million.
On a per-share basis, the Pl Venlo, Netherlands-based company said it had profit of 39 cents. Earnings, adjusted for restructuring costs and pretax expenses, were 61 cents per share.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The diagnostic products maker posted revenue of $521.2 million in the period, beating Street forecasts. Seven analysts surveyed by Zacks expected $520.7 million.
Qiagen expects full-year earnings to be $2.28 per share.
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