Merit Medical Systems Inc Announces Rise In Q1 Profit

Merit Medical Systems Inc (MMSI) revealed a profit for its first quarter that increased from last year

The company's earnings came in at $30.1 million, or $0.49 per share. This compares with $28.2 million, or $0.48 per share, last year.

Excluding items, Merit Medical Systems Inc reported adjusted earnings of $66.76 million or $0.86 per share for the period.

The company's revenue for the period rose 9.8% to $355.35 million from $323.51 million last year.

Merit Medical Systems Inc earnings at a glance (GAAP) :

-Earnings: $30.1 Mln. vs. $28.2 Mln. last year.
-EPS: $0.49 vs. $0.48 last year.
-Revenue: $355.35 Mln vs. $323.51 Mln last year.

-Guidance:
Full year EPS guidance: $3.29 - $3.42
Full year revenue guidance: $1.470 - $1.490 bln

by RTTNews Staff Writer

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