Plus   Neg

Haemonetics Not Issuing FY21 Outlook At This Time Amid COVID-19 - Quick Facts

While reporting financial results for the fourth quarter on Tuesday, healthcare company Haemonetics Corp. (HAE) said it is not issuing guidance for the full-year 2020 at this time, due to the uncertainty around the full impact and duration of the COVID-19 pandemic, and the nature and timing of the associated economic recovery.

Due to the timing of the COVID-19 pandemic and its progression during the fourth quarter, Haemonetics said it experienced limited impact on its fiscal 2020 financial results.

While the duration and additional implications of the pandemic remain uncertain, the company believes it will see higher impacts from the COVID-19 pandemic on its fiscal 2021 results.

This will be driven by the continued effects of social distancing guidelines and stay at home orders, declines of elective surgeries, restricted vendor access at customer sites, reallocation of hospital resources to critical ICU needs and other changes that may still arise as a result of COVID-19.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The European Commission said Friday that it has signed a deal with Sanofi and GlaxoSmithKline to secure up to 300 million doses of their potential COVID-19 vaccine. Acella Pharmaceuticals recalled certain lots of hypothyroidism medication NP Thyroid in the form of tablets due to super potency, the U.S. Food and Drug Administration said in a statement. The company is recalling one lot of 15mg and one lot of 120mg of NP Thyroid that are packaged in 100 count bottles in strengths of 15 mg, and 120 mg, with expiration dates between October 2020 and November 2020. Walmart announced its decision to raise wages for around 165,000 hourly associates across all its U.S. stores starting October, and introduce a team-based operating model in Supercenters. In a tweet, the retail giant said, "Today we're introducing new leadership roles and cross-training opportunities, giving our associates more ways to grow their careers."
Follow RTT