Surmodics Reports Third Quarter Fiscal 2018 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
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