IntriCon (NSDQ:IIN) this week said that its 2nd-quarter sales and earnings were off, except for an 8% increase in its medical business revenues largely credited to Medtronic (NYSE:MDT), the body-worn sensor company’s largest customer. Arden Hills, Minn.-based IntriCon posted profits of $506,000, or 8¢ per share, on sales of $17.1 million for the 3 months ended […]
MassDevice Earnings Roundup
Neovasc squeaks by Q2, positive on Tiara trial
Neovasc (NASDAQ:NVCN) reported 2nd quarter sales ahead of estimates, though down from 2014 and marked by growing losses, but rallied around the progress of its Tiara transcatheter mitral valve implant feasibility trial. The company’s 30-patient Tiara 1 trial has 2 study patients implanted, in addition to 5 patients implanted through compassionate use regulations. Of the 3 compassionate […]
CareFusion buy boosts BD’s Q3 sales
Becton Dickinson & Co. (NYSE:BDX) today reported its 1st quarterly results since its $12 billion acquisition of CareFusion closed in March, saying the deal pushed its top line up nearly 45% compared with the fiscal 3rd quarter last year. The bottom line didn’t fare as well. BD posted profits of $62 million, or 29¢ per share, on sales […]
Orthofix nails Q2, shares on the rise
Orthofix (NSDQ:OFIX) yesterday blew away expectations for its 2nd quarter earnings, posting a 24.8% sales growth and a greater than 500% turn-around on earnings. Orthofix reported profits of $4.1 million, or 19¢ per share, on sales of $101 million for the 3 months ended June 30. That puts sales over $3 million up on analyst’s expectations. That […]
Masimo’s Q2 kills it
Masimo (NSDQ:MASI) yesterday shattered expectations with its 2nd-quarter sales and earnings, posting a more than 40% profit gain on solid sales growth. The Irvine, Calif.-based patient monitoring company reported profits of $19.4 million, or 36¢ per share, on sales of $147.6 million for the 3 months ended July 4, for a bottom-line gain of 40.2% on […]
Thoratec beats estimates despite Q2 earnings slide
Second-quarter profits slid nearly 24% for Thoratec (NSDQ:THOR), but the implantable heart pump maker still managed to soundly beat expectations for its sales and earnings. Pleasanton, Calif.-based Thoratec posted profits of $13.2 million, or 24¢ per share, on sales of $128.7 million for the 3 months ended July 4, for a -23.9% bottom-line slide on sales growth […]
Halyard Health slides on Q2 results, cuts guidance
(Reuters) — Halyard Health (NYSE:HYH) reported a 6% fall in 2nd-quarter revenue and cut its full-year profit forecast, hurt by lower sales volume in its surgical and infection prevention business and a stronger dollar. Halyard Health, which was spun off from Kimberly-Clark (NYSE:KMB) in November, said it expects net sales growth to decline 1% to 3% percent in […]
Endologix shares slide on Q2 misses
Endologix (NSDQ:ELGX) shares slid after Endologix released 2nd quarterly earnings showing slipping profits and earnings coupled with meager sales growth. Endologix reported losses of $13 million, a 19¢ loss per share, on sales of $39.5 million for the 3 months ended June 30. The numbers narrowly missed street sales estimates of $39.9 million. That amounts to a 43.3% […]
Abiomed shares surge on fiscal Q1 sales, earnings beat
Abiomed (NSDQ:ABMD) saw stocks surge today after it announced surprising fiscal 1st quarter earnings and raised guidance for the rest of the fiscal year. The Danvers, Mass.-based company reported sales of $73.4 million for the 3 months ended June 30. That amounts to 50% growth in sales compared to same quarter in 2014, which clocked […]
Atricure gains on earnings, rev beat
AtriCure (NSDQ:ATRC) announced its 2nd quarter earnings, beating street estimates for both earnings and revenue. Atricure saw losses of $4.9 million on total sales of $32.6 million for the 3 months ended June 30, $10 million up from their 2014 2nd quarter numbers. The company reported 81.7% higher losses, but grew revenue 22.9% compared to the […]
Greatbatch Q2 earnings release lifts shares
Greatbatch (NYSE:GB) shares climbed with the announcement of its Q2 results, growing from last year but narrowly missing analysts expectations The Frisco, Texas-based company reported profits of $9.2 million, or 35¢ per share, on sales of $174.9 million for the 3 months ended July 3. That amounts to a 24.8% bottom-line loss on sales growth of 1.6% […]