BioMerieux's Midyear Earnings Benefit From FilmArray Mix and Low Tax Rate
Although negative currency effects and the integration of Astute Medical are likely to drag down profitability in the back half of the year, BioMerieux’s operating income margin of 15.8% in the first half of the year slightly exceeded our expectations. On the basis of first-half performance, management raised its year-end revenue outlook to 9.5% organic growth with operating income of EUR 340 million-350 million, in line with our current EUR 343 million estimate. However, management’s outlook se...Co. specializes in the field of in vitro diagnostics for clinical and industrial applications. Co. designs, develops, manufactures and markets systems used in: Clinical Applications (the diagnosis of infectious diseases such as hepatitis, HIV, tuberculosis and respiratory illnesses, as well as pathologies such as cardiovascular diseases and cancers, based on the analysis of biological samples such as blood, saliva or urine); and Industrial Applications (microbiological analysis of samples of finished or semi-finished products (or of the environment), chiefly in the food processing and biopharmaceutical industries), detecting microorganisms in agri-food, pharmaceutical and cosmetic products.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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