Kinetic Concepts Inc.'s (KCI) third-quarter net earnings rose to $64.57 million or $0.91 per share from $53.91 million or $0.75 per share in the prior year period. Adjusted earnings per share for the three months ended September 30, 2009 were $1.08. On average, 7 analysts polled by Thomson Reuters expected earnings per share of $1.05 for the quarter. Analysts' estimate typically excludes one-time items.
Total revenue for the third quarter slightly increased 0.2% to $504.40 million from $503.30 million in the comparable period. Nine analysts estimated revenues of $504.01 million for the quarter.
For the fiscal year 2009, the company reaffirmed its GAAP earnings per share guidance in the range of $3.19 - $3.34 on revenues ranging between $1.95 billion and $2.00 billion. Also the company still expects adjusted earnings per share in the range of $3.95 - $4.10 for the fiscal year 2009. Eight analysts expect fiscal 2009 earnings per share of $3.95. Nine analysts estimate revenues of $1.98 billion for the year.
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