Thoratec Corp. (THOR) reported first-quarter net income of $18.2 million or $0.31 per share, compared to $25.5 million or $0.43 per share for the year-ago quarter.
Excluding items, adjusted net income for the fourth quarter was $24.0 million or $0.41 per share, compared to $30.6 million or $0.51 per share in the comparable quarter last year.
Revenues for the fourth quarter declined 7% to $117.73 million from $126.77 million a year ago.
On average, eighteen analysts polled by Thomson Reuters expected the company to earn $0.46 per share on revenue of $122.90 million for the first quarter. Analysts' estimates typically exclude special items.
Looking forward to fiscal year 2013, the company forecast revenue of $490 million to $510 million, earnings of $1.32 to $1.42 per share and adjusted earnings of of $1.76 to $1.86 per share. Analysts currently expect the company to earn $1.81 per share on revenue of $503.88 million for the full year 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.