Alere Inc Lowers FY 2012 EPS Guidance-Conference Call
Alere Inc announced that it has indicated earnings would exceed $2.50 for fiscal 2012. The Company expects weakness in Europe, it did not anticipate the extent of the weakness and do not believe it can absorb it and the Triage impacts. As a result, the Company is taking a cautious view of both Europe and the Triage issue and reducing guidance for fiscal 2012 to a range from $2.30 to $2.45. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $2.54 for fiscal 2012.
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