SurModics (SRDX) Tops Q1 EPS by 10c; Raises Outlook

SurModics (NASDAQ: SRDX) reported Q1 EPS of $0.19, $0.10 better than the analyst estimate of $0.09. Revenue for the quarter came in at $17.8 million versus the consensus estimate of $15.81 million.

GUIDANCE:

SurModics sees FY2017 EPS of $0.18-$0.33, versus the consensus of $0.24. SurModics sees FY2017 revenue of $64-68 million, versus the consensus of $65.3 million.

The Company now expects GAAP revenue to range from $64.0 million to $68.0 million, up from a previous range of $63.0 million to $67.0 million. The Company now expects diluted earnings (loss) in the range of $(0.07) to $0.08 per share, up from a previous range of $(0.15) to $0.05 per share and non-GAAP earnings of $0.18 to $0.33 per share as compared with prior guidance of $0.15 to $0.35 per share.

For earnings history and earnings-related data on SurModics (SRDX) click here.

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