Qiagen Q2 EPS $0.51 Beats $0.50 Estimate, Sales $497.00M Beat $493.78M Estimate
Portfolio Pulse from Benzinga Newsdesk
Qiagen (NYSE:QGEN) reported Q2 earnings of $0.51 per share, beating the analyst consensus estimate of $0.50 by 2 percent. The company also reported quarterly sales of $497.00 million, surpassing the analyst consensus estimate of $493.78 million by 0.65 percent. However, this represents a 3.68 percent decrease over sales of $516.00 million the same period last year.
August 08, 2023 | 8:08 pm
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Qiagen's Q2 earnings and sales beat analyst estimates, but sales are down 3.68% YoY.
While Qiagen beat analyst estimates for Q2 earnings and sales, the decrease in sales compared to the same period last year might concern investors. This mixed result could lead to a neutral short-term impact on the stock.
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