Plus   Neg

Stock Alert: Haemonetics Corporation Down 8%

Shares of healthcare company, providing hematology products and solutions, Haemonetics Corporation (HAE) are down more than 8% Tuesday morning at $80.01. It has traded in the range of $63.41- $140.36 in the past one year.

The company said the pandemic has significantly impacted its first-quarter financial results.

The company reported first-quarter adjusted EPS of $0.46 per share, down 43.2% from last year, but beat the average estimate of analysts polled by Thomson Reuters at $0.41 per share.

Revenue for the quarter decreased 18% to $196 million. The consensus estimate was at $198.27 million.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Procter & Gamble's skincare brand Olay will debut its first float in the 94th Annual Macy's Thanksgiving Day Parade to be held on November 26 this year. To highlight the low representation of women in the STEM or science, technology, engineering, and math jobs, Olay said that its Thanksgiving Day Parade float will feature a 'Women in STEM' theme. Alternative meat producer Impossible Foods is debuting its flagship product this week in Asian grocery stores. The plant-based meat products will go on sale at about 200 grocery stores in Hong Kong and Singapore, its first grocery foray outside the U.S. Impossible Beef was the flagship product which made its worldwide grocery store debut in 2019. Ahead of the upcoming holiday season, Lowe's Companies Inc. is launching competitive deals urging customers to "gift back" to their home, the place that has meant so much this year amid the coronavirus pandemic. The home improvement retailer is introducing a new Season of Savings, beginning earlier than ever on October 22.
Follow RTT