Surmodics Reports Fourth Quarter Fiscal 2019 Results and Issues Fiscal 2020 Revenue and EPS Guidance
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November 1, 2019 7:30 AM EDT
Needham & Company analyst Mike Matson lowered the price target on SurModics (NASDAQ: SRDX) to $63.00 (from $68.00) while maintaining a Buy rating.
The analyst commented, "Full data from GALACTIC-HF remains on track for 2021. We continue to view omecamtiv as the backbone to our CYTK... More
October 31, 2019 4:17 PM EDT
SurModics (NASDAQ: SRDX) reported Q4 EPS of $0.37, in-line with the analyst estimate of $0.37. Revenue for the quarter came in at $30.8 million versus the consensus estimate of $28.36 million.
Summary of Fourth Quarter and Recent Highlights
Revenue of $30.8 million, an increase of 33.8% year-over-yearGAAP EPS of $0.26, non-GAAP EPS of $0.37Completed enrollment in TRANSCEND pivotal clinical trial for...
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