Alere ramps higher on solid Q2 earnings beat

|About: Alere Inc. (ALR)|By:, SA News Editor

Alere (ALR +11%) sets a new 52-week high today after posting better-than-expected Q2 earnings.

Total revenue grew by 9% Y/Y, driven in part by the currency adjusted organic growth rate for its professional diagnostics segment, which rose 8.6%, excluding changes in U.S. Triage and influenza revenues.