Synovis Life Technologies darf in keiner WL fehlen, letzte Woche wurde der Ausblick positiv getoppt. Doc hat STAA, SYNO auch beobachten.
Gruss E.
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Synovis second-quarter profit up on surgical sales
WEDNESDAY, MAY 21, 2003 8:35 AM
- Reuters U.S. Company News
NEW YORK, May 21 (Reuters) - Synovis Life Technologies Inc. (SYNO) said on Wednesday its fiscal second-quarter earnings rose on higher sales of its surgical devices.
Net income rose to $1.2 million, or 12 cents a share, in the quarter ended April 30, from $766,000, or 8 cents, a year ago. Revenue rose 61 percent to $15.3 million from $9.5 million.
The St. Paul, Minnesota-based company said surgical device revenue rose 31 percent to $6.3 million, driven by higher sales of its Peri-Strips device for gastric bypass surgery.
The company also provides product engineering services, guidewires and other micro-wire and plastic devices used in cardiac rhythm management. Sales in this unit rose to $9 million from $4.6 million.
The company reaffirmed its fiscal 2003 projection that its revenue will rise as much as 37.5 percent to between $50 million and $55 million. It expects earnings per share to rise as much as 32 percent to between 38 cents to 41 cents.
© Reuters 2003. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
SYNO
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Gruss E.
Synovis second-quarter profit up on surgical sales
WEDNESDAY, MAY 21, 2003 8:35 AM
- Reuters U.S. Company News
NEW YORK, May 21 (Reuters) - Synovis Life Technologies Inc. (SYNO) said on Wednesday its fiscal second-quarter earnings rose on higher sales of its surgical devices.
Net income rose to $1.2 million, or 12 cents a share, in the quarter ended April 30, from $766,000, or 8 cents, a year ago. Revenue rose 61 percent to $15.3 million from $9.5 million.
The St. Paul, Minnesota-based company said surgical device revenue rose 31 percent to $6.3 million, driven by higher sales of its Peri-Strips device for gastric bypass surgery.
The company also provides product engineering services, guidewires and other micro-wire and plastic devices used in cardiac rhythm management. Sales in this unit rose to $9 million from $4.6 million.
The company reaffirmed its fiscal 2003 projection that its revenue will rise as much as 37.5 percent to between $50 million and $55 million. It expects earnings per share to rise as much as 32 percent to between 38 cents to 41 cents.
© Reuters 2003. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
SYNO
16.491 -0.179
Enter Symbol:
Enter Keyword: