Surmodics Reports Third Quarter Fiscal 2018 Results
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SurModics (SRDX) PT Raised to $74 at Needham & Company
August 6, 2018 1:44 PM EDTNeedham & Company raised its price target on SurModics (NASDAQ: SRDX) to $74.00 (from $55.00) while maintaining a Buy rating.
Analyst Mike Matson commented, "SRDX beat consensus F3Q18 revenue and EPS. Management raised its FY18 revenue and adjusted EPS guidance. Revenue growth... More
SurModics (SRDX) Reports Q3 EPS of $0.27, Revenues Beat; 'Raising Fiscal 2018 Revenue & EPS Guidance'
August 6, 2018 7:32 AM EDTSurModics (NASDAQ: SRDX) reported Q3 EPS of $0.27, versus ($0.24) reported last year. Revenue for the quarter came in at $22.2 million versus the consensus estimate of $19.38 million.
Summary of Third Quarter Fiscal 2018 and Recent Highlights
Revenue of $22.2 million, up 24.9%Raising revenue guidance range to $79.0 to $81.0 millionGAAP EPS of ($0.20), Non-GAAP EPS of $0.27Acquisition... More