LivaNova plc (NASDAQ: LIVN) reported Q1 EPS of $0.68, $0.03 better than the analyst estimate of $0.65. Revenue for the quarter came in at $250.4 million versus the consensus estimate of $243.42 million.

2018 Revised Guidance

Aligned with LivaNova’s strategic growth initiatives, we completed the acquisition of TandemLife on April 4, 2018. As a result of this acquisition and changes in the tax laws, certain guidance for full-year 2018 is being revised.

LivaNova worldwide net sales for full-year 2018 are now expected to grow between 6 and 8 percent on a constant currency basis. Full-year 2018 effective tax rate is now expected to be in the range of 18 to 20 percent. Adjusted diluted earnings per share for 2018 are now expected to be in the range of $3.50 to $3.70.

GUIDANCE:

LivaNova plc sees FY2018 EPS of $3.50-$3.70, versus the consensus of $3.50.

For earnings history and earnings-related data on LivaNova plc (LIVN) click here.