TransEnterix (NYSE:TRXC) shares ticked up slightly on third-quarter results that came in ahead of the consensus forecast. The Research Triangle Park, N.C.-based surgical robotics company posted losses of -$15.1 million, or -15¢ per share, on sales of $814,000 for the three months ended Sept. 30, 2020, for an 84.6% bottom-line gain despite a sales decline of […]
Wall Street Beat
MedTech 100 roundup: Stocks show no signs of slowing down
The medtech industry hit further highs in the market last week and the stocks show no sign of stopping their ascent now. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 97.62 (Nov. 6), marking a 7.3% leap from the 91.01 points registered at the […]
ICU Medical ticks up on Street-beating Q3, raised guidance
ICU Medical (NSDQ:ICUI) shares rose today on third-quarter results that came in ahead of the consensus forecast. The San Clemente, Calif.-based infusion therapy and critical care technology developer posted profits of $25 million, or $1.16 per share, on sales of $318.6 million for the three months ended Sept. 30, 2020, for a -5.9% bottom-line slide on […]
Nevro rises on Street-beating Q3
Nevro (NYSE:NVRO) shares ticked up today on third-quarter results that came in ahead of the consensus forecast. The Redwood City, Calif.-based chronic pain treatment developer posted losses of -$10 million, or -29¢ per share, on sales of $108.5 million for the three months ended Sept. 30, 2020, for a 44.1% bottom-line gain on sales growth of […]
Zimmer Biomet rises on Street-beating Q3
Zimmer Biomet (NYSE:ZBH) shares ticked up today on third-quarter results that beat the consensus forecast. The Warsaw, Ind.-based company posted profits of $246.1 million, or $1.16 per share, on sales of $1.9 billion for the three months ended Sept. 30, 2020, for a -42.9% bottom-line slide on sales growth of 1.95%. Adjusted to exclude one-time items, […]
Hillrom beats The Street in Q4
Hillrom (NYSE:HRC) today reported fourth-quarter results that exceeded the consensus forecast on Wall Street, and company officials foresee stronger-than-expected earnings in the coming months. The Chicago-based maker of hospital beds, patient monitoring and diagnostic equipment and more reported profits of $42.4 million, or 63¢ per share, on sales of $705.3 million for the three months ended […]
Tandem Diabetes slides after hours on mixed bag Q3
Tandem Diabetes Care (NSDQ:TNDM) shares took a hit after hours today on third-quarter results that were mixed compared to the consensus forecast. The San Diego-based insulin delivery and diabetes technology company posted losses of -$9.4 million, or -15¢ per share, on sales of $123.6 million for the three months ended Sept. 30, 2020, for a bottom-line […]
Avanos Medical dips on Street-beating Q3 earnings
Avanos Medical (NYSE:AVNS) this week posted third-quarter results that beat the consensus on Wall Street. The Alpharetta, Ga.-based company reported profits of $19.3 million, or 40¢ per share, on sales of $185.7 million for the three months ended Sept. 30, 2020, for a sales growth of 8.3% compared with Q3 2019. Adjusted to exclude one-time items, […]
Orthofix soars on Street-beating Q3 results
Orthofix (NSDQ:OFIX) today posted third-quarter results that beat the consensus on Wall Street. The Lewisville, Texas-based company reported profits of $4.7 million, or 24¢ per share, on sales of $111 million for the three months ended Sept. 30, for a sales loss of -2.2% compared with Q3 2019. Adjusted to exclude one-time items, earnings per share […]
Cardiovascular Systems up on Street-beating Q1 results
Cardiovascular Systems (NSDQ:CSII) posted first-quarter results that beat the consensus on Wall Street. The St. Paul, Minn.-based company reported losses of -$2.1 million, or -5¢ per share, on sales of $60.5 million for the three months ended Sept. 30, for a sales loss of -6.1% compared with Q1 2020. Earnings per share were -5¢ per share, […]
Cardinal Health rises on Street-beating Q1, raised EPS guidance
Cardinal Health (NYSE:CAH) shares got a boost today on first-quarter results that came in ahead of the consensus forecast. The Dublin, Ohio-based company posted losses of -$253 million, or -86¢ per share, on sales of $39.1 billion for the three months ended Sept. 30, 2020, for a 94.9% bottom-line gain on sales growth of 4.6%. Adjusted […]
