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Mindray Medical Sees 2009 Non-GAAP EPS To Be No Less Than US$1.29

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Mindray Medical International Limited (MR) said that it anticipates 2009 non-GAAP earnings per share to be no less than US$1.29. The estimated non-GAAP EPS is based on the assumption that the applicable income tax rate for Mindray's Shenzhen subsidiary will continue to be 15%.

The company also expects fiscal 2009 net revenues to be about in the range of US$624 million - US$633 million, compared to US$547.5 million in 2008, representing 14% to 16% year-over-year growth.

Analysts polled by Thomson Reuters expect the company to report earnings of $1.21 per share on revenues of $621.41 million for fiscal 2009. Analysts' estimates typically exclude special items.

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