Alere (ALR) Misses Q3 EPS by 7c

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Go back to Alere (ALR) Misses Q3 EPS by 7c

Weak Sales Contribute to Alere's (ALR) 3Q Miss; Leerink Partners Cuts Price Target to $50

November 5, 2015 8:42 AM EST

Leerink Partners reiterated a Market Perform rating on Alere (NYSE: ALR), and cut the price target to $50.00 (from $55.00), following the company's 3Q earnings report. Revenue of $602.5M missed consensus by 7%. Adjusted EPS of $0.54 was also below the Street's projection by ~10%. Malaria sales... More