Sharps Compliance Reports Fiscal 2019 Third Quarter Results
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Sharps Compliance (SMED) Misses Q3 EPS by 6c; Revenues Miss
April 24, 2019 7:11 AM EDTSharps Compliance (NASDAQ: SMED) reported Q3 EPS of ($0.07), $0.06 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $9.45 million versus the consensus estimate of $10.09 million.
David P. Tusa, President and Chief Executive Officer of Sharps, stated, Historically, the March quarter is our weakest quarter and this one is no exception. While our internal expectations were about $10 million plus in revenue and breakeven earnings, we fell short as a result of lower MedSafe sales and the timing of orders in our home healthcare market. Exacerbating the challenging quarter were... More
