We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
ICU Medical Inc | NASDAQ:ICUI | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.31 | 0.33% | 94.84 | 30.50 | 95.35 | 96.59 | 94.19 | 94.19 | 81,315 | 01:00:00 |
DOW JONES NEWSWIRES
ICU Medical Inc.'s (ICUI) fourth-quarter profit dropped 18% despite double-digit sales growth.
The medical-equipment company also projected 2010 earnings of $1.80 to $1.90 a share on revenue of $265 million to $275 million. Analysts, surveyed by Thomson Reuters, were looking for $1.98 and $270.7 million.
On the weak profit forecast, shares fell 4% to $33 in after-hours trading although the fourth-quarter results topped Wall Street's expectations. The stock through the close was up 13% the past year.
ICU, which closed its $35 million acquisition of Hospira Inc.'s (HSP) critical-care product line in August, is expected to benefit from the acquisition starting this year. The company, which has been more or less immune from the economic downturn, has been expanding its sales force and branching out from its core business, which is providing products that prevent accidental sticks from intravenous needles.
For the latest quarter, ICU reported a profit of $7.4 million, or 50 cents a share, down from $9 million, or 61 cents a share, a year earlier. Revenue climbed 23% to $69.8 million.
Analysts estimated earnings of 48 cents on revenue of $64.5 million.
-By Kathy Shwiff, Dow Jones Newswires; 212-416-2357; Kathy.Shwiff@dowjones.com
Order free Annual Report for ICU Medical Incorporated
Visit http://djnewswires.ar.wilink.com/?link=ICUI or call 1-888-301-0513
1 Year ICU Medical Chart |
1 Month ICU Medical Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions