Alere Posts Wider Loss In Q3 - Quick Facts

(RTTNews) - Healthcare company Alere Inc.'s (ALR) third-quarter 2013 net loss attributable to common stockholders widened to $24.82 million, or $0.30 a share, from a loss of $9.2 million, or $0.11 a share, in the prior-year quarter. Non-GAAP adjusted net income per share stood at $0.59 for the third quarter of 2013. On average, 8 analysts polled by Thomson Reuters expected earnings per share of $0.53 for the quarter. Analysts' estimates typically exclude one-time items.

Net revenue was $753.9 million for the third quarter of 2013, versus $691.4 million a year ago. Non-GAAP adjusted net revenue totaled $754.4 million, an increase from last year's $692.3 million. Nine analysts estimated revenues of $738.56 million for the quarter.

Commenting on the results, the company said: "The combination of continued excellent organic growth, coupled with good expense control, demonstrates our continued momentum and commitment to enhancing value for our shareholders and delivering against the three-point strategic plan that we implemented in November 2012."