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 decreased 31.17% to $0.53 in the quarter versus EPS of $0.77 in the year-earlier quarter.
Revenue: Rose 10.14% to $739.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Alere Inc. reported adjusted EPS income of $0.53 per share. By that measure, the company beat the mean analyst estimate of $0.51. It beat the average revenue estimate of $727.66 million.
Quoting Management: Ron Zwanziger, Chairman, Chief Executive Officer and President of Alere said, “I’m pleased to report another quarter of progress across the organization. With our company formation substantially complete, and the areas of pressure with Triage and Health Information Solutions showing signs of stability, we were able to take key steps to drive improved operating expense leverage in the first quarter.”
Key Stats (on next page)…
Revenue decreased 2.19% from $755.76 million in the previous quarter. EPS decreased 3.64% from $0.55 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.58 to a profit $0.51. For the current year, the average estimate has moved down from a profit of $2.43 to a profit of $2.25 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)