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Qiagen (QGEN) Stock Soars as Q2 Results Surpass Expectations

NEW YORK (TheStreet) -- Shares of Qiagen (QGEN) are spiking 11.67% to $26.17 on heavy trading volume late Friday morning after the company reported better-than-anticipated results for the 2016 second quarter.

After yesterday's closing bell, the Netherlands-based molecular diagnostics company posted adjusted earnings of 24 cents per share, beating analysts' expectations by a penny.

Revenue for the quarter was $334.4 million, topping analysts' estimates of $326.8 million.

Additionally, the company said it is on track for continued acceleration in the second half of the year and...