AI
Mentor 2nd-qtr profit rises on breast implant revs
Mentor Corp (MNT.N: Quote, Profile , Research) said on Wednesday that quarterly profit fell, but matched estimates, as revenues rose on strong demand for its MemoryGel silicone breast implants.
Income from continuing operations slipped to $10.0 million, or 27 cents per share, for its second quarter ended in September, from the year-earlier $10.8 million, or 24 cents per share. The most recent period had fewer shares outstanding.
The latest results matched the average analyst estimate, as compiled by Reuters Estimates, and included charges of 2 cents from the company's purchase of Perouse Plastie.
Net income was 26 cents per share versus 22 cents a year ago.
Revenue rose 28 percent to $85.4 million.
The company reiterated its fiscal 2008 outlook calling for sales of $370 million to $385 million, and diluted earnings from continuing operations of $1.40 to $1.45 per share on about 42 million outstanding shares.
Shares in Mentor closed down 9 cents to $42.71 on the New York Stock Exchange. (Reporting by Lisa Baertlein; Editing by Jeffrey Benkoe)
http://investing.reuters.co.uk/news/articleinvesting.aspx?type=marketsNewsUS&storyID=2007-11-07T222835Z_01_N07566701_RTRIDST_0_MENTOR-RESULTS-UPDATE-1.XML
Mentor Corp (MNT.N: Quote, Profile , Research) said on Wednesday that quarterly profit fell, but matched estimates, as revenues rose on strong demand for its MemoryGel silicone breast implants.
Income from continuing operations slipped to $10.0 million, or 27 cents per share, for its second quarter ended in September, from the year-earlier $10.8 million, or 24 cents per share. The most recent period had fewer shares outstanding.
The latest results matched the average analyst estimate, as compiled by Reuters Estimates, and included charges of 2 cents from the company's purchase of Perouse Plastie.
Net income was 26 cents per share versus 22 cents a year ago.
Revenue rose 28 percent to $85.4 million.
The company reiterated its fiscal 2008 outlook calling for sales of $370 million to $385 million, and diluted earnings from continuing operations of $1.40 to $1.45 per share on about 42 million outstanding shares.
Shares in Mentor closed down 9 cents to $42.71 on the New York Stock Exchange. (Reporting by Lisa Baertlein; Editing by Jeffrey Benkoe)
http://investing.reuters.co.uk/news/articleinvesting.aspx?type=marketsNewsUS&storyID=2007-11-07T222835Z_01_N07566701_RTRIDST_0_MENTOR-RESULTS-UPDATE-1.XML
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
