Loading...
Loading...
- Qiagen N.V. QGEN clocked Q1 FY22 revenues of $628.4 million, +11% Y/Y, ahead of the outlook for at least 7% CER growth and well above the consensus of $517.8 million.
- At constant exchange rates (CER), Q1 revenues jumped 15% Y/Y.
- Sales were driven by 14% CER growth in the non-COVID-19 product portfolio and an 18% CER rise in sales of products used for COVID-19 testing and surveillance.
- COVID-19-related products, accounting for approximately 36% of total sales in Q1, increased 13% Y/Y to $229 million, while non-COVID products grew 10% to about $400 million.
- Adjusted EPS reached $0.80 ($0.83 CER), surpassing the consensus of $0.65 and prior company guidance of at least $0.72 CER.
- Guidance: Qiagen raised FY22 sales guidance to at least $2.12 billion CER (prior outlook for at least $2.07 billion), down from 2021 sales of $2.25 billion.
- The company forecasts adjusted EPS of at least $2.14 CER (prior outlook for at least $2.05).
- Price Action: QGEN shares are up 1.27% at $45.48 during the premarket session on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in