Alere (ALR) Tops Q1 EPS by 2c
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Alere (NYSE: ALR) reported Q1 EPS of $0.53, $0.02 better than the analyst estimate of $0.51. Revenue for the quarter came in at $739.2 million versus the consensus estimate of $727.66 million.
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."
Zwanziger added, "Broad changes to healthcare systems in most major markets are driving increasing opportunities for Alere's integrated offering. As we continue to combine new diagnostic platforms and services into an integrated, technology-based solution focused on the most expensive chronic conditions, we expect to benefit from these persistent and predictable global trends. Our unique position to capitalize on the evolution of global healthcare, combined with a sustained focus on organic revenue growth, operating expense leverage and debt reduction over the next several years, should continue to engender increasing shareholder confidence in our company and our prospects for future success."
For earnings history and earnings-related data on Alere (ALR) click here.
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."
Zwanziger added, "Broad changes to healthcare systems in most major markets are driving increasing opportunities for Alere's integrated offering. As we continue to combine new diagnostic platforms and services into an integrated, technology-based solution focused on the most expensive chronic conditions, we expect to benefit from these persistent and predictable global trends. Our unique position to capitalize on the evolution of global healthcare, combined with a sustained focus on organic revenue growth, operating expense leverage and debt reduction over the next several years, should continue to engender increasing shareholder confidence in our company and our prospects for future success."
For earnings history and earnings-related data on Alere (ALR) click here.
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