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Alere Inc. (NYSE:ALR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Alere Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 27.91% to $0.55 in the quarter versus EPS of $0.74 in the year-earlier quarter.
Revenue: Rose 16.08% to $755.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Alere Inc. reported adjusted EPS income of $0.55 per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $714.75 million.
Quoting Management: Commenting on the acquisition, Alere CEO, Ron Zwanziger, stated, “Through its unique combination of novel diagnostic parameters and wireless-enabled technology, Epocal has set new standards in helping healthcare practitioners in critical settings deliver better patient outcomes, all the while establishing clinical efficiencies. These achievements are core to Alere’s broader mission of empowering individuals and their physicians with data that drives more responsive decision making and improved health outcomes, and we welcome Epocal into the Alere family.”
Key Stats (on next page)…
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