WASHINGTON (dpa-AFX) - Alere Inc. (ALR) posted first quarter net loss available to common stockholders of $4.1 million or $0.05 per share versus profit of $8.09 million or $0.09 per share last year.
Adjusted cash-basis net income per share was $0.77, up from $0.61 a year earlier. On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $0.67 per share. Analysts' estimates typically exclude special items.
Net revenue grew to $671.13 million from $582.46 million in the prior-year quarter. Analysts expected revenues of $659.34 million.
Adjusted net revenue was $672.42 million for the quarter, compared to $582.46 million a year ago.
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