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Haemonetics Boosts FY20 Adj. EPS Outlook - Quick Facts

While reporting financial results for the second quarter on Friday, healthcare company Haemonetics Corp. (HAE) raised its adjusted earnings guidance for the full-year 2020, while reaffirming annual revenue growth outlook.

For fiscal 2020, the company raised its adjusted earnings guidance to a range of $3.10 to $3.20 per share from the prior forecast range of $2.95 to $3.15 per share, while continuing to project annual revenue growth in the range of 3 to 5 percent. Organic revenue growth is now expected to be 6 to 8 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.06 per share on revenue growth of 4.1 percent to $1.01 billion for the year. Analysts' estimates typically exclude special items.

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