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Qiagen meets 3Q profit forecasts

VENLO, Netherlands (AP) _ Qiagen NV (QGEN) on Monday reported third-quarter profit of $48.5 million.

The Venlo, Netherlands-based company said it had profit of 21 cents per share. Earnings, adjusted for non-recurring costs, came to 32 cents per share.

The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 32 cents per share.

The diagnostic products maker posted revenue of $364 million in the period.

For the current quarter ending in December, Qiagen expects its per-share earnings to range from 41 cents to 42 cents.

The company expects full-year earnings in the range of $1.25 to $1.27 per share.

Qiagen shares have climbed 15 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $33.45, a climb of 21 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QGEN at https://www.zacks.com/ap/QGEN