Reuters logo
BRIEF-Cardiovascular Systems announces anticipated revenue impact from hurricanes
September 18, 2017 / 11:16 AM / a month ago

BRIEF-Cardiovascular Systems announces anticipated revenue impact from hurricanes

Sept 18 (Reuters) - Cardiovascular Systems Inc

* Cardiovascular Systems announces anticipated revenue impact from hurricanes Harvey and Irma

* Cardiovascular Systems - ‍impact of hurricanes Harvey and Irma on procedure volumes in Greater Houstonm Florida will reduce fiscal 2018 Q1 revenues​

* Cardiovascular Systems -‍potential revenue impact on CSI quarterly results magnified due to “small product portfolio and location and timing of storms”​

* Cardiovascular Systems - ‍fiscal Q1 revenues are more heavily weighted in September, as procedure volumes begin to accelerate from summer levels​

* Cardiovascular Systems Inc - ‍“Houston and Florida markets typically generate over 15% of CSI’s revenues”​

* Cardiovascular Systems - ‍co anticipates that the factors will reduce Q1 revenues below range of $52.6 million to $53.6 million provided on August 2, 2017​ Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below