Back to top

Analyst Blog

Shares of Alere Inc. (ALR - Snapshot Report) continue to soar following its impressive second quarter results. Recently, the diagnostic and medical services provider has joined hands with non-profit organization Malaria No More in its Power of One campaign to fight against malaria in Africa.

Under the campaign, Alere and Malaria No More will raise funds to provide diagnostic tests and treatment to African children. Over the course of the campaign, ALR will donate 2 million Alere SD BIOLINE Malaria Rapid tests to risk-prone African children for diagnosis of malaria.

Alere SD BIOLINE provides test results in 15 minutes with the help of a drop of finger stick blood. It can accurately diagnose malaria and enable timely treatment.

According to the World Health Organization (WHO), malaria transmission occurs in 99 countries and the disease resulted in deaths of an estimated 660,000 children in 2010 in sub-Saharan Africa, who are under five years of age.

ALR reported a 40.5% rise in 2013-second quarter adjusted earnings per share to 59 cents from 42 cents in the same quarter of 2012. With this, earnings beat the Zacks Consensus Estimate by a significant margin of 19 cents.
    
Net revenues went up 9.1% to $764.0 million in the second quarter of 2013, exceeding the Zacks Consensus Estimate of $722 million. Adjusted net revenues rose 9.0% to $764.6 million in the quarter from $701.6 million for the second quarter of 2012

Currently, ALR carries a Zacks Rank #1 (Strong Buy). Other medical stocks that are worth a look include Advaxis, Inc. (ADXS), Boston Scientific (BSX - Analyst Report) and Cytosorbents Corporation (CTSO). All of them carries a Zacks Rank #2 (Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%