BOSTON (AP) — BOSTON (AP) — Haemonetics Corp. (HAE) on Thursday reported fiscal first-quarter profit of $34 million.
The Boston-based company said it had net income of 70 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were $1.10 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The provider blood management systems for health care providers and blood collectors posted revenue of $321.4 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $303.3 million.
Haemonetics expects full-year earnings in the range of $4.70 to $5 per share.
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