Monday, May 08, 2006

A Nice Quarter for Qiagen

Qiagen (Ticker: QGEN) just reported a very nice quarter. They reported revenues of $108.7 million and eps of $0.13, which beat the street consensus. The company also raised their revenue and eps guidance for the year. The company has made some very nice acquisitions. Their most recent acquisition was Gentra Systems, which also sells plasmid purification kits. This is one of my favorite biotech tool companies. I see more upside for this little company…

I just love the following quote from the CEO: ""Demand is very strong at the moment and there are no signs that this trend is weakening," Qiagen chief executive Peer Schatz told Reuters. "We had an astoundingly good first quarter."


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