LivaNova Reports First Quarter 2019 Results

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Livanova (LIVN) PT Lowered to $87 at Needham & Company

May 1, 2019 12:10 PM EDT

Needham & Company analyst Mike Matson lowered the price target on Livanova (NASDAQ: LIVN) to $87.00 (from $100.00) while maintaining a Buy rating.

The analyst commented, "LIVN's 1Q19 revenue was consistent with its preannouncement and its EPS was below consensus. As expected, management lowered its 2019 revenue... More

LivaNova plc (LIVN) Misses Q1 EPS by 3c, Revenues Miss; FY19 EPS Guidance Below Consensus

May 1, 2019 6:17 AM EDT

LivaNova plc (NASDAQ: LIVN) reported Q1 EPS of $0.54, $0.03 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $250.8 million versus the consensus estimate of $255.87 million.

"We are disappointed by our first quarter performance in U.S. Neuromodulation and Perceval® sales. As a leadership team, we are implementing a series of actions to counteract the market dynamic and salesforce retention issues we experienced," said Damien McDonald, Chief Executive Officer of LivaNova. "Sales results for first quarter 2019 were strong in Cardiovascular across all... More