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SurModics Inc Reaffirms FY 2013 Revenue Guidance; Raises FY 2013 EPS Guidance

Wednesday, 30 Jan 2013 04:01pm EST 

SurModics Inc reaffirmed fiscal 2013 revenue guidance and expects revenue to be in the range of $55 to $58 million. The Company has increased its earnings per share outlook for fiscal 2013 based upon investment gains and a lower effective tax rate. Earnings per share from continuing operations for fiscal 2013 is now expected to be in the range of $0.86 to $0.99 per share, above initial guidance of $0.75 to $0.87 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $57 million and EPS of $0.82 for fiscal 2013. 

Company Quote

0.05 +0.24%
10:38am EDT