Abiomed (ABMD) Misses Q2 EPS by 4c; Maintains Revenue Outlook

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Abiomed Announces Q2 FY 2017 Revenue of $103 Million, Up 35% Over Prior Year

October 27, 2016 7:00 AM EDT

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DANVERS, Mass., Oct. 27, 2016 (GLOBE NEWSWIRE) -- Abiomed, Inc. (NASDAQ: ABMD), a leading provider of breakthrough heart support technologies, today reported second quarter fiscal 2017 revenue of $103.0 million, an increase of 35% compared to revenue of $76.4 million for the same period of fiscal 2016. Second quarter fiscal 2017 GAAP net income was $8.9 million or $0.20 per diluted share, compared to GAAP net income of $7.7 million or $0.17 per diluted share for the prior year period.

Financial and operating highlights during the... More