Symmetry Medical (SMA) reported fourth quarter fiscal 2010 adjusted earnings per share of 14 cents, missing the Zacks Consensus Estimate of 16 cents while exceeding the year-ago earnings of 5 cents per share. For fiscal 2010, adjusted earnings of 42 cents per share missed the Zacks Consensus Estimate by a penny and were well below the year-ago earnings of 66 cents per share.
Adjusted earnings exclude facility consolidation costs, employee severance payments and debt extinguishment charges. Net income for the fourth quarter catapulted more than seven-fold year over year to $4.3 million (or 12 cents a share) powered by a healthy double-digit expansion in the top line.
Revenues
Revenues for the quarter zoomed roughly 26% year over year to $96 million, matching the Zacks Consensus Estimate. Growth was boosted by higher demand across the Indiana-based company?s orthopedic implants and medical devices businesses. For the full year, sales inched down 1%
Complete Story »
Brittny Gastineau Ashley Tisdale Rachel Blanchard Sienna Guillory Tricia Vessey
No comments:
Post a Comment