RTTNews | Jul 12, 2021 01:47PM EDT

13:46 Monday, July 12, 2021 (RTTNews.com) - Dutch diagnostic and research company, Qiagen N.V. (QGEN) is down 5% in the noon trading market on Monday after the company lowered its outlook for the year. However, the company did post a better-than-expected revenue and earnings in the second quarter. The net sales for the quarter were $567.3 million, up 28% year-over-year, and the earning for the quarter also increased to $0.66 to $0.67 per share, up 21% from the same quarter last year.

The company has reduced its yearly nety sales growth outlook to 12% from the prior outlook of 18% to 20% which has probably caused the drop in the shares.

Currently, the shares are trading at $48.29, down $2.23 or 4.40% from their previous close at $50.52. The shares opened at $51.21 in the morning and in the 52-week period, the shares have ranged between $45.05 and $59.00.

Read the original article on RTTNews ( https://www.rttnews.com/3208443/qiagen-down-5-on-lowered-outlook.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved