Qiagen Q1 2024 Adj EPS $0.46 Beats $0.44 Estimate, Sales $458.796M Beat $457.330M Estimate
Portfolio Pulse from Benzinga Newsdesk
Qiagen reported Q1 2024 adjusted EPS of $0.46, surpassing the $0.44 estimate, with sales of $458.796M also beating the $457.330M estimate. However, this represents a 9.8% decrease in earnings and a 5.48% decrease in sales from the same period last year.
April 29, 2024 | 8:11 pm
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Qiagen's Q1 2024 earnings and sales exceeded estimates but showed a decrease from the previous year.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-on-year decrease in both earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100