4/9/2020, 7:05 PM (Source: TeleTrader)
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Chart for: QIAGEN NV         EO -,01

Qiagen sales boosted by higher demand

Qiagen N.V. announced on Thursday its preliminary sales numbers to increase by approximately 9% in the first quarter of 2020 due to "significant demand" for COVID-19 testing solutions.

In a press release today, the Dutch technology company said it is expecting its adjusted earnings per share (EPS) to be around $0.34/$0.35 based on the preliminary results, compared to the initial first quarter outlook estimate of $0.28/$0.29 earnings per share, at the constant exchange rate (CER)

On the other hand, the company expects to have an "adverse impact" of about two percentage points on net sales results, as well as one percentage points toward its EPS, due to the currency exchange against the US dollar as the reporting currency.

Breaking the News / BJ