QIAGEN Reports Updated 2019 Outlook - Quick Facts

(RTTNews) - As announced on July 24, QIAGEN (QGEN) has updated 2019 outlook based on the intention to restructure its NGS joint venture in China. The company expects net sales growth of approximately 5-6% CER (previously 7-8% CER) and adjusted EPS of approximately $1.42-1.44 CER per share (previously about $1.45-1.47 CER). Analysts polled by Thomson Reuters expect the company to report profit per share of $1.43. Analysts' estimates typically exclude special items.

For the third quarter of 2019, QIAGEN expects net sales to grow approximately 4-5% CER. Adjusted EPS is expected to be about $0.35-0.36 CER per share. Analysts expect the company to report profit per share of $0.37.