PL VENLO, Netherlands (AP) — PL VENLO, Netherlands (AP) — Qiagen NV (QGEN) on Wednesday reported first-quarter profit of $68 million.
On a per-share basis, the Pl Venlo, Netherlands-based company said it had profit of 33 cents. Earnings, adjusted for costs related to mergers and acquisitions and amortization costs, came to 54 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.
The diagnostic products maker posted revenue of $492.3 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $496.4 million.
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