Spectranetics (SPNC) Tops Q2 EPS by 18c; Lowers FY15 Revenue Outlook

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Go back to Spectranetics (SPNC) Tops Q2 EPS by 18c; Lowers FY15 Revenue Outlook

Needham & Company Cuts Price Target on Spectranetics (SPNC) to $24 Following 2Q15

July 24, 2015 6:44 AM EDT

Needham & Company reiterated a Buy rating on Spectranetics (NASDAQ: SPNC), and cut the price target to $24.00 (from $39.00), following 2Q15 results. Revenue was $61.7M missing consensus of $62.2M. Non-GAAP EPS was reported at ($0.22) vs. consensus of ($0.29). SPNC lowered its 2015 revenue guidance from $258M to... More