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Thoratec Corp Reaffirms FY 2013 Revenue Guidance; Raises FY 2013 EPS Guidance

Wednesday, 31 Jul 2013 04:02pm EDT 

Thoratec Corp reaffirmed prior guidance for fiscal 2013 revenues, which are expected to be in the range of $490 million to $510 million. For fiscal 2013 net income per share, the Company has adjusted its GAAP and non-GAAP guidance to account for the previously disclosed $6-7 million of recurring operating expenses (approximately $0.07 per share on an after-tax basis) associated with the development of DuraHeart II, which Thoratec recently acquired. GAAP net income per share guidance has also been adjusted to include $1.3 million of transaction-related expenses incurred through the end of the second quarter. Following these adjustments, GAAP net income per diluted share is expected to be in the range of $1.23 to $1.33, and non-GAAP net income per diluted share is expected to be in the range of $1.69 to $1.79. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $495 million, EPS of $1.75 for fiscal 2013. 

Company Quote

1.75 +3.23%
3:46pm EST