Qiagen (NYSE:QGEN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$501.9m (up 5.5% from 3Q 2023).

• Net income: US$98.1m (up 26% from 3Q 2023).

• Profit margin: 20% (up from 16% in 3Q 2023).

• EPS: US$0.44 (up from US$0.35 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Qiagen Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 8.3%.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Life Sciences industry in the US.

Performance of the American Life Sciences industry.

The company's shares are up 1.6% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Qiagen has 3 warning signs we think you should be aware of.

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