Haemonetics Corp (HAE) reported earnings for its third quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $37.494 million, or $0.74 per share. This compares with $31.241 million, or $0.61 per share, last year.
Excluding items, Haemonetics Corp reported adjusted earnings of $60.291 million or $1.19 per share for the period.
Analysts on average had expected the company to earn $1.17 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.7% to $348.542 million from $336.250 million last year.
Haemonetics Corp earnings at a glance (GAAP) :
-Earnings: $37.494 Mln. vs. $31.241 Mln. last year.
-EPS: $0.74 vs. $0.61 last year.
-Revenue: $348.542 Mln vs. $336.250 Mln last year.
HAE was down by 7.07 percent at $66.20 in the pre-market trade on the New York Stock Exchange.
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