Alere Q2 Profit Matches Estimates - Quick Facts

(RTTNews) - Alere Inc. (ALR) reported second-quarter income from continuing operations of $20.3 million or $0.17 per share, compared to a loss of $57.9 million or $0.77 per share, prior year. Adjusted earnings per share was $0.54 , for the quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.54 for the quarter. Analysts' estimates typically exclude special items.

Net revenue was $629.2 million, a decrease of 2.8 percent, compared to $647.4 million in the second quarter of 2014. Non-GAAP adjusted net revenue was $629.4 million, a decrease of 2.8 percent, compared to $647.8 million in the second quarter of 2014. Analysts expected revenue of $625.24 million for the quarter.

For the year ending December 31, 2015, the company expects: net revenue to be in the range of $2.5 billion to $2.6 billion; and Non-GAAP adjusted net income from continuing operations available to common stockholders in the range of $2.40 to $2.50 per share. Analysts expect the company to report earnings per share of $2.43 on revenue of $2.56 billion.