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Update: Qiagen Posted Disappointing Q4 2014 Earnings

Qiagen (QGEN) posted unimpressive Q4 2014 results. Adjusted net sales came in at $360.8 million, down 0.5% year-over-year, and adjusted net income came in at $60.4 million or $0.25 per diluted share, down 24% year-over-year. For full-year 2014, adjusted net sales came in at $1.35 billion, up 4% year-over-year at CER (constant exchange rates), and adjusted EPS was $1.00, almost flat year-over-year.

In a previous analysis I said that until Qiagen's organic growth strategy fuels its bottom-line, I'd prefer waiting on the sidelines as an investor. I'm very much disappointed with the company's Q4 2014 earnings, which is down 24% from the prior-year period, as mentioned above. In the article I also said that huge restructuring and other acquisition-related costs are required for Qiagen's acquisitions, which would negatively impact its profitability. In Q4 2014, items such as business integration, acquisition-related costs and amortization of intangible assets negatively impacted profitability,… Read More …