Thursday, Kensey Nash Corp. (KNSY) reported first-quarter net income of $4.9 million, down from net income of $5.2 million in the same quarter last year. On a per share basis, net income was $0.43, flat with the year ago quarter.
On average, six analysts polled by Thomson Reuters expected the company to earn $0.41 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter was $19.7 million, down 2% from $20.1 million in the comparable quarter last year. Analysts expected the company to report revenue of $20.44 million for the quarter.
Looking ahead to the second quarter, the company expects total revenues to be in the range of $19.3 million - $20.1 million and net sales in the range of $12.5 million - $13.0 million. The company expects earnings in the range of $0.37 - $0.40. Excluding items, earnings are expected to be in a range of $0.42 - $0.45 per share. Analysts currently anticipate the company to earn $0.43 per share on revenue of $21.56 million.
For the full year 2010, the company expects total revenues in the range of $82.5 million - $86 million and net sales in the range of $55.5 million - $57 million. Earnings is expected to be in the range of $1.76 - $1.80 per share, with adjusted earnings in the range of $1.81 - $1.85 per share. Analysts currently anticipate the company to earn $1.75 per share on revenue of $86.62 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.