VENLO, Netherlands (AP) _ Qiagen NV (QGEN) on Tuesday reported fourth-quarter net income of $44.9 million.
On a per-share basis, the Venlo, Netherlands-based company said it had profit of 19 cents. Earnings, adjusted for non-recurring costs, came to 48 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The diagnostic products maker posted revenue of $413.5 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $408.9 million.
For the year, the company reported a loss of $41.5 million, or 18 cents per share, swinging to a loss in the period. Revenue was reported as $1.53 billion.
Qiagen expects full-year earnings in the range of $1.52 to $1.54 per share.
Qiagen shares have declined roughly 2% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $33.16, a drop of 10% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QGEN at https://www.zacks.com/ap/QGEN
Automated Insights, source Associated Press News