Alere (ALR) Posts Q1 GAAP Loss of 18c/Share
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Alere Reports First Quarter 2016 Financial Results
August 17, 2016 6:15 AM EDTWALTHAM, Mass., Aug. 17, 2016 /PRNewswire/ --Â Alere Inc. (NYSE: ALR), a global leader in rapid diagnostic tests, today announced that it has filed its Form 10-Q and reported its financial results for the first quarter ended March 31, 2016. Â
Revenue for the first quarter of 2016 was $578 million, a 6% decrease compared to $613 million in the prior year period. The year-over-year decrease in revenue was primarily due to the negative impact of $17 million in foreign currency exchange, a $14 million decrease in BBI revenue, which was divested in November 2015, and a $6 million decrease in pain management... More
