Exactech (EXAC) Tops Q3 EPS by 1c; Issues Mixed Guidance for Q4 and FY
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- Exactech Q3 Revenue $42.4M; Net Income $2.7M or $0.21 EPS
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Exactech (NASDAQ: EXAC) reports Q3 EPS of $0.21, 1 cent better than the analyst estimate of $0.20. Revenue for the quarter was $42.4 million, which compares to the estimate of $39.50 million.
Looking forward, Exactech increased its revenue targets for 2009 in the range of $171 million to $174 million and now targets diluted earnings per share for the year 2009 in the range of $1.00 to $1.02. (Consensus is $169.75M and $0.95, respectively)
For the fourth quarter ending December 31, 2009, the company targets revenue in the range of $42 million to $45 million and diluted earnings per share in the range of $0.22 to $0.24. (Consensus is $43.65M and $0.23, respectively)
These EPS target ranges exclude the impact of DOJ inquiry costs. The foregoing statements regarding targets for the quarter and full year are forward-looking and actual results may differ materially. These are the company’s targets, not predictions of actual performance.
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