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Earnings Winners & Losers: QGEN, WMGI, ALR, SN, and LIVN

 
• By Reed Miller

Diagnostics, orthopedics, and cardiovascular device companies are among those that wait until November to report their results for the quarter that ended at the end of September. Medtech Insight’s Earnings Winners & Losers highlights some of the companies that had news to celebrate, and a few that were disappointed with the quarter.

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Earnings winners and losers • Source: shutterstock.com

While most of the big players reported their calendar third-quarter earnings at the end of October, a few other companies reported them in early November. (Also see "Earnings Winners & Losers: BSX, BCR, EW, PHG, SYK, TFX, TMO" - Medtech Insight, 28 October, 2016.) This batch includes Qiagen, which is “transforming” itself with collaborations and acquisitions; Alere, which is wrestling with regulatory and legal issues in its effort to close an acquisition deal with Abbott; and LivaNova, which celebrated the anniversary of its merger with Sorin by announcing a new CEO.

Qiagen NV(QGEN) reported Nov. 2 that its ongoing “transformation is building momentum and a new sales growth trajectory is materializing.” The Netherlands-based diagnostics company reported that sales for all...

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