In response to reporting first-quarter results, shares of LeMaitre Vascular (NASDAQ:LMAT), a medical device maker focused on niche products used during vascular surgery, fell 20% as of 10:35 a.m. EDT on Thursday.
So whatHere's a review of the key numbers from the period:
Sales grew 8% to $26 million. That was slightly behind the $26.42 million that Wall Street had projected. Gross margin fell 80 basis points to 71.1% because of product mix and "manufacturing inefficiencies." Operating expenses only grew 3% to $13.6 million. Net income jumped 20% to $3.9 million, or $0.19 per share. That was two pennies worse than what Wall Street had predicted.Management also updated its guidance for the full year:
Second quarter sales are expected to land between $26.6 million and $27.4 million. This is lower than the $28.2 million that analysts had predicted. Second quarter EPS is expected to land between $0.41 and $0.43. That's much higher than the $0.25 that analysts were expecting. Full-year 2018 sales guidance was lowered by a few million dollars to a new range of $106 million to $109 million. That's several million dollars behind what analysts wanted to see. Full-year 2018 EPS guidance was increased to a new range of $1.05 to $1.13. That's well ahead of what the pros were projecting.Traders reacted harshly to the worse-than-expected quarterly results and mixed guidance.
Top Medical Stocks To Own Right Now: Port of Hai Phong JSC (PHP)
Advisors' Opinion:- [By Stephan Byrd]
Primary Health Properties PLC (LON:PHP) declared a dividend on Wednesday, October 3rd, Upcoming.Co.Uk reports. Investors of record on Thursday, October 11th will be paid a dividend of GBX 1.35 ($0.02) per share by the real estate investment trust on Friday, November 23rd. This represents a dividend yield of 1.19%. The ex-dividend date is Thursday, October 11th. The official announcement can be viewed at this link.
Top Medical Stocks To Own Right Now: (LGEAF)
Advisors' Opinion:- [By SEEKINGALPHA.COM]
Coherent's ELA deposition technology for LTPS backplane isn't used in OLED TVs, where LG (OTC:LGEAF) uses metal oxide backpanes. There was some worry by analysts whether that technology could migrate to the smartphone panel market which CEO Ambroseo could not dispel entirely, but he argued that it has not been demonstrated suitable for handsets or battery-powered devices at this point.
Top Medical Stocks To Own Right Now: PNM Resources, Inc. (Holding Co.)(PNM)
Advisors' Opinion:- [By Logan Wallace]
PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment is primarily involved in the generation, transmission, and distribution of electricity. It generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2017, this segment had owned or leased facilities with a total net generation capacity of 2,102 megawatts; and owned 3,200 miles of electric transmission lines, 6,063 miles of distribution overhead lines, 5,828 miles of underground distribution lines, and 254 substations. It also owns and leases office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2017, this segment owned 978 miles of overhead electric transmission lines, 7,111 miles of overhead distribution lines, 1,241 miles of underground distribution lines, and 116 substations. It also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 773,000 residential, commercial, and industrial customers, as well as end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was founded in 1917 and is headquartered in Albuquerque, New Mexico.
- [By Logan Wallace]
PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment is primarily involved in the generation, transmission, and distribution of electricity. It generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2017, this segment had owned or leased facilities with a total net generation capacity of 2,102 megawatts; and owned 3,200 miles of electric transmission lines, 6,063 miles of distribution overhead lines, 5,828 miles of underground distribution lines, and 254 substations. It also owns and leases office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2017, this segment owned 978 miles of overhead electric transmission lines, 7,111 miles of overhead distribution lines, 1,241 miles of underground distribution lines, and 116 substations. It also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 773,000 residential, commercial, and industrial customers, as well as end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was founded in 1917 and is headquartered in Albuquerque, New Mexico.
- [By Logan Wallace]
PNM Resources, Inc, through its subsidiaries, engages in the energy and energy-related businesses in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment is primarily involved in the generation, transmission, and distribution of electricity.
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