BOSTON (AP) — BOSTON (AP) — Haemonetics Corp. (HAE) on Thursday reported fiscal first-quarter profit of $38.4 million.
The Boston-based company said it had net income of 74 cents per share. Earnings, adjusted for one-time gains and costs, were $1.02 per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The provider blood management systems for health care providers and blood collectors posted revenue of $336.2 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $335.9 million.
Haemonetics expects full-year earnings in the range of $4.45 to $4.75 per share.
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