Wright Medical (NSDQ:WMGI) shares gained today after the orthopedics maker smashed Wall Street’s earnings forecast by a full 25¢ in the 1st quarter since its $3.3 billion merger with Tornier. Memphis-based Wright posted losses of -$105.8 million, or -90¢ per share from continuing operations, on sales of $177.0 million for the 3 months ended Dec. 27, […]
MassDevice Earnings Roundup
Fresenius misses the mark with Q4, 2015 results
Fresenius Medical Care (NYSE:FMS) reported 4th-quarter and 2015 results today that missed the mark on Wall Street, sending share prices down. The German dialysis giant posted profits of $394 million, or $1.04 per share, on sales of $3.55 billion for the 3 months ended Dec. 31, 2015, for a bottom-line slide of -2.2% on sales growth […]
Essilor’s 2015 profit rises, sees higher revenue in 2016
(Reuters) — Essilor International (EPA:EI), the world’s largest maker of ophthalmic lenses, said today that operating profit rose 19.6% in 2015 and forecast that revenue would grow over the coming years, helped by demand from an aging population. Operating profit rose to €1.18 billion ($1.31 billion) last year from €989 million in 2014, while revenue rose 18.4% to […]
NuVasive’s Q4 profits surge, swings to black for 2015
NuVasive Inc. (NSDQ:NUVA) yesterday reported 4th-quarter and full-year results that topped expectations on Wall Street, posting a Q4 profit increase of nearly 54% and swinging to black ink for 2015. San Diego-based NuVasive put up profits of $11.5 million, or 22¢ per share, on sales of $215.3 million for the 3 months ended Dec. 31, 2015, representing […]
NxStage slumps despite Q1, FY2015 beats
NxStage saw shares plummet after releasing earnings that barely squeaked by Street expectations for their 4th quarter and full fiscal year 2015. The Lawrence, Mass.-based company reported losses of $2.8 million, or 4¢ per share, on sales of $89.8 million for the 3 months ended December 31. That amounts to a 43.7% reduction in losses […]
Abiomed gains on Street-beating Q3 earnings
Abiomed (NSDQ:ABMD) shares are up about 6% this morning after the medical device maker posted stronger-than-expected earnings for its fiscal 3rd quarter and raised its revenue outlook for the rest of fiscal 2016. Danvers, Mass.-based Abiomed reported profits of $10.6 million, or 23¢ per share, on sales of $85.8 million for the 3 months ended […]
Strong dollar pushes Smith & Nephew to cut margins forecast
Smith & Nephew (NYSE:SNN) today said it expects its margins to shrink by 1.2% this year due to the strong dollar despite a forecast for top-line growth. Europe’s largest maker of artificial hips and knees posted 4th-quarter revenues of $1.26 billion, up 0.6% compared with Q4 2014. Smith & Nephew no longer reports quarterly profit or […]
Boston Scientific beats The Street with Q1, 2015 earnings
Boston Scientific (NYSE:BSX) beat expectations on Wall Street with its 4th-quarter and full-year earnings but missed the sales mark by just $12 million. Fourth-quarter losses were down -52.5% to -$142 million for the Marlborough, Mass.-based medical device giant, for losses per share of -11¢, on sales growth of 4.8% to $1.98 billion. Adjusted to exclude 1-time […]
Toshiba bails on non-imaging healthcare biz
Toshiba (TYO:6502) said today that it’s planning to ditch or transfer all of its healthcare business that’s not a part of Toshiba Medical Systems, its imaging division, and forecast higher losses for the rest of the year. A bidding war for Toshiba Medical is heating up among a slew of private equity players and rival corporations, as the Japanese industrial […]
Becton, Dickinson tops earnings estimates with Q1 results
Becton Dickinson & Co. (NYSE:BDX) today beat the consensus estimate for its fiscal 1st-quarter earnings, backed by top-line growth of nearly 46%. Franklin Lakes, N.J.-based BD posted profits of $229 million, or $1.06 per share, on sales of $2.99 billion for the 3 months ended Dec. 31, 2015. Although that’s a 45.6% sales gain compared with […]
Edwards lifts on Q4, FY2015 beats
Edwards Lifesciences (NYSE:EW) today saw shares rise in after hours trading after it released its 4th quarter and full fiscal year 2015 earnings, beating the street across the board even as earnings shrunk from 2014. The Irvine, Calif.-based company reported profits of $140.7 million, or 65¢ per share, on sales of $671.1 million for the 3 […]