For the second quarter Alere reported earnings of 42 cents a share, missing the Capital IQ Consensus Estimate of 58 cents a share by 16 cents. Revenue fell -3.4% from the year-ago quarter to $737.9 million. Analysts expected revenue of $747.55 million for the quarter.
Gross margin fell to 46.1% in the quarter from 50.3% in the year-ago quarter.
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TheStreet Ratings team rates ALERE INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ALERE INC (ALR) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."