This article has been updated with a comment from Abiomed. A medical journal editorial has cast doubt on the findings of a research study that sent shares in Abiomed (NSDQ:ABMD) down sharply in November. The editorial in the journal Circulation said the study’s methodology had several limitations and called for randomized controlled trials (RCTs) to determine […]
Varian Medical shares down on Q1 bottom-line slide
Varian Medical (NYSE:VAR) shares dropped today on first-quarter results that came up short of the consensus forecast. The Palo Alto, Calif.–based radiotherapy device maker posted profits of $88.9 million, or 96¢ per share, on sales of $829.9 million for the three months ended Dec. 31, 2019, for a 14.4% bottom-line slide on sales growth of 11.9%. […]
Align Technology posts Street-beating Q4 results
Align Technology (NSDQ:ALGN) posted fourth-quarter results today that beat the consensus forecast on Wall Street. The San Jose, Calif.-based company reported profits of $121.3 million, or $1.53 per share, on sales of $649.8 million for the three months ended DEc. 31, 2019, for a bottom-line gain of 24.5% sales growth of 21.7% compared with Q4 2018. […]
Hologic Q1 results are a mixed bag
Hologic (NSDQ:HOLX) posted first quarter results this evening that either matched or beat the consensus forecast on Wall Street, upping its earnings forecast for the year while cutting its projected revenue range. The Marlborough, Mass.–based women’s health medtech company reported profits of $385.8 million, or $1.43 per share, on sales of $850.5 million for the three […]
Stryker posts Street-beating Q4 results, Mako sales up
Stryker (NYSE:SYK) posted fourth-quarter results that beat the consensus forecast on Wall Street, with continued momentum around the sale of its popular Mako robot-assisted ortho surgery systems. The Kalamazoo, Mich.-based company reported profits of $725 million, or $1.90 per share, on sales of $4.1 billion for the three months ended Dec. 31, 2019, for a bottom […]
Accuray beats The Street on earnings and revenue in Q2 results
Accuray (NSDQ:ARAY) posted second-quarter results that beat the consensus forecast on Wall Street. The Sunnyvale, Calif.-based company reported profits of $10.7 million, or 12¢ per share, on sales $98.8 million for three months ended Dec. 31, 2019 for a sales loss of -48.6% compared with Q2 2019. Adjusted to exclude one-time items, earnings per share were […]
TE Connectivity healthcare sales up
TE Connectivity (NYSE:TEL) today reported its healthcare sales were up 7% to $179 million for the first quarter of its 2020 fiscal year. Schaffhausen, Switzerland-based TE Connectivity reported overall sales of $3.2 billion for the quarter ended Dec. 27, 2019, down -5% from the same quarter one year ago. Earnings per share of $1.21 exceeded Wall […]
Philips to repurchase shares, shed appliance business
Royal Philips (NYSE:PHG) said today that it will repurchase up to 6 million shares to cover long-term investments and its employee stock purchase plans. At the current share price, the shares represent up to approximately €260 million ($285.86 million). The company said it plans to begin repurchasing shares in the first half of 2020. As […]
Judge tosses Palmaz Scientific investors’ $3m lawsuit
A federal judge in Dallas, Texas, has dismissed a lawsuit by investors in the bankrupt Palmaz Scientific against investment bank Jefferies & Co. Co-founded by coronary stent pioneer Dr. Julio Palmaz in 2008, San Antonio-based Palmaz Scientific tapped Jefferies for a $7.5 million fundraising round in 2010, according to a previous ruling. The investors claimed […]
3M posts wider-than-forecast losses in Q4 results, will cut 1,500 jobs
3M (NYSE:MMM) posted fourth-quarter results today that matched the revenue consensus forecast on Wall Street but significantly missed on earnings — with the company announcing plans to cut 1,500 jobs amid a reorganization. 3M Healthcare Q4 sales were up 25.4% year-over-year. The Maplewood, Minn.–based company reported profits of $969 million, or $1.66 per share, on sales […]
Philips slides on 4Q bottom-line dip
Royal Philips (NYSE:PHG) shares took a dip today on fourth-quarter results that topped the consensus forecast but revealed a profit decrease of more than 20%. The Amsterdam-based company posted profits of $611.9 million, or 67¢ per share, on sales of $6.6 billion for the three months ended Dec. 31, 2019, for a 21.9% bottom-line slide on […]
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