Medical Device Maker Q1 Earnings Roundup

A snapshot of first-quarter earnings from Integer, Stericycle, Materialise, Merit Medical and more.

A snapshot of first-quarter earnings from Integer, Stericycle, Materialise, Merit Medical and more.
A snapshot of first-quarter earnings from Integer, Stericycle, Materialise, Merit Medical and more.
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PLANO, Texas (AP) — Integer Holdings Corp. (ITGR) on Thursday reported first-quarter net income of $11.4 million.

On a per-share basis, the Plano, Texas-based company said it had profit of 34 cents. Earnings, adjusted for non-recurring costs, came to 78 cents per share.

The medical device outsource manufacturer posted revenue of $310.9 million in the period.

Integer expects full-year earnings in the range of $4.32 to $4.62 per share, with revenue in the range of $1.36 billion to $1.38 billion.

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BANNOCKBURN, Ill. (AP) — Stericycle Inc. (SRCL) on Thursday reported a loss of $14.2 million in its first quarter.

The Bannockburn, Illinois-based company said it had a loss of 15 cents per share. Earnings, adjusted for non-recurring costs, were 32 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.

The medical waste management company posted revenue of $664.2 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $667.3 million.

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BURLINGTON, N.C. (AP) — Laboratory Corp. of America Holdings (LH) on Thursday reported first-quarter earnings of $491.6 million.

The Burlington, North Carolina-based company said it had net income of $5.23 per share. Earnings, adjusted for non-recurring costs, were $6.11 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $5.88 per share.

The medical laboratory operator posted revenue of $3.9 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $4.04 billion.

LabCorp expects full-year earnings in the range of $18.25 to $21 per share.

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LEVUEN, Belgium (AP) — Materialise NV (MTLS) on Thursday reported first-quarter net income of $148,000, after reporting a loss in the same period a year earlier.

The Levuen, Belgium-based company said it had profit of less than 1 cent on a per-share basis.

The 3D printing software and medical and industrial products company posted revenue of $58.8 million in the period.

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EXTON, Pa. (AP) — West Pharmaceutical Services Inc. (WST) on Thursday reported first-quarter profit of $173.8 million.

The Exton, Pennsylvania-based company said it had net income of $2.29 per share. Earnings, adjusted for amortization costs and non-recurring costs, came to $2.30 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.18 per share.

The medical device company posted revenue of $720 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $724.6 million.

West Pharmaceutical expects full-year earnings in the range of $9.30 to $9.45 per share, with revenue in the range of $3.05 billion to $3.08 billion.

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SOUTH JORDAN, Utah (AP) — Merit Medical Systems Inc. (MMSI) on Wednesday reported first-quarter earnings of $10.5 million.

The South Jordan, Utah-based company said it had net income of 18 cents per share. Earnings, adjusted for non-recurring costs, came to 53 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The maker of disposable medical devices posted revenue of $275.4 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $263.5 million.

Merit Medical expects full-year earnings in the range of $2.41 to $2.56 per share, with revenue in the range of $1.12 billion to $1.14 billion.

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MARLBOROUGH, Mass. (AP) — Hologic Inc. (HOLX) on Wednesday reported fiscal second-quarter earnings of $455.7 million.

The Marlborough, Massachusetts-based company said it had profit of $1.80 per share. Earnings, adjusted for one-time gains and costs, were $2.07 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.

The medical device maker posted revenue of $1.44 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.28 billion.

For the current quarter ending in July, Hologic expects its per-share earnings to range from 67 cents to 72 cents.

The company said it expects revenue in the range of $875 million to $915 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $884.8 million.

Hologic expects full-year earnings in the range of $5.45 to $5.65 per share, with revenue ranging from $4.6 billion to $4.7 billion.

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PRINCETON, N.J. (AP) — Integra LifeSciences Holdings Corp. (IART) on Wednesday reported first-quarter net income of $32.9 million.

On a per-share basis, the Princeton, New Jersey-based company said it had net income of 39 cents. Earnings, adjusted for amortization costs and non-recurring costs, were 74 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The medical device maker posted revenue of $376.6 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $362.6 million.

For the current quarter ending in July, Integra expects its per-share earnings to range from 78 cents to 82 cents.

The company said it expects revenue in the range of $392 million to $400 million for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $393.8 million.

Integra expects full-year earnings in the range of $3.27 to $3.35 per share, with revenue ranging from $1.58 billion to $1.6 billion.

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BURLINGTON, Mass. (AP) — LeMaitre Vascular Inc. (LMAT) on Thursday reported first-quarter earnings of $6 million.

The Burlington, Massachusetts-based company said it had net income of 27 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The medical device maker posted revenue of $39.6 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $38.8 million.

For the current quarter ending in July, LeMaitre expects its per-share earnings to range from 29 cents to 35 cents.

The company said it expects revenue in the range of $40.1 million to $42.1 million for the fiscal second quarter.

LeMaitre expects full-year earnings in the range of $1.21 to $1.31 per share, with revenue ranging from $31.4 million to $34 million.

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SAN DIEGO (AP) — DexCom Inc. (DXCM) on Thursday reported first-quarter profit of $97.3 million.

The San Diego-based company said it had net income of 93 cents per share. Earnings, adjusted for one-time gains and costs, were 32 cents per share.

The results missed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The medical device company posted revenue of $628.8 million in the period, which beat Street forecasts. Nine analysts surveyed by Zacks expected $619.7 million.

DexCom expects full-year revenue in the range of $2.82 billion to $2.94 billion.

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SAN DIEGO (AP) — ResMed Inc. (RMD) on Thursday reported fiscal third-quarter earnings of $179 million.

On a per-share basis, the San Diego-based company said it had net income of $1.22. Earnings, adjusted for amortization costs, came to $1.32 per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.

The maker of medical products for respiratory disorders posted revenue of $864.5 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $908.6 million.

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KALAMAZOO, Mich. (AP) — Stryker Corp. (SYK) on Thursday reported first-quarter profit of $323 million.

On a per-share basis, the Kalamazoo, Michigan-based company said it had net income of 84 cents. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.97 per share.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.

The medical device maker posted revenue of $4.28 billion in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $4.2 billion.

Stryker expects full-year earnings in the range of $9.60 to $10 per share.

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SEATTLE (AP) — Trupanion Inc. (TRUP) on Thursday reported a loss of $8.9 million in its first quarter.

On a per-share basis, the Seattle-based company said it had a loss of 22 cents. Losses, adjusted for stock option expense, were 3 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.

The provider of medical insurance covering cats and dogs posted revenue of $206 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $205.9 million.

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