Qiagen Down Pre-Market, Despite Exceeding Forecasts

Posted in Uncategorized 
August 10th, 2010

Qiagen N.V., a diagnostic technology holding company, posted 2Q earnings yesterday which beat expectations.  Despite the positive news, stock of QGEN continues to lose ground pre-market after dropping .7% yesterday. As of 8:19AM EDT, shares were off 3.58% to 18.84 on 106,880 shares volume (average volume 2.32 million.) Qiagen is nearing its 52-week low of $18.06.

According to reuters, net income for Qiagen’s second quarter was $38.5 million. expected net income was $31.8 million.

-Michael B. Sauter

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