Alere (ALR) Reports Q3 Revenue of $582M, Below Consensus
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Alere Reports Third Quarter 2016 Financial Results
November 4, 2016 9:54 AM EDTWALTHAM, Mass., Nov. 4, 2016 /PRNewswire/ -- Alere Inc. (NYSE: ALR), a global leader in rapid diagnostic tests, today announced that it has filed its Form 10-Q and reported financial results for the third quarter ended September 30, 2016. Â
Revenue for the third quarter of 2016 was $582 million, a 4% decrease compared to $604 million in the prior year period. Infectious disease revenue grew 11% or $19 million year-over-year with strength in Africa and Latin America, particularly in malaria and HIV product sales. This strong growth was offset by revenue declines of $15 million due to the divestiture of BBI in... More
