tiprankstipranks
Qiagen raises FY24 adjusted EPS view to $2.19 from $2.10, consensus $2.15
The Fly

Qiagen raises FY24 adjusted EPS view to $2.19 from $2.10, consensus $2.15

Backs FY24 revenue view $1.99B, consensus $1.98B. “Our 2024 results to date reflect a positive quarterly trend in sales and adjusted earnings, along with a 73% increase in free cash flow. We are well-positioned to achieve the updated outlook for 2024 as we once again increase our adjusted EPS target,” said Roland Sackers, CFO of Qiahen. “We are implementing initiatives to simplify QIAGEN (QGEN) and increase efficiency, and these initiatives are putting us on track to increase our adjusted operating income margin above 31% by the end of 2028, reaffirming our commitment to solid profitable growth.”

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App