Cryolife Inc. Earnings Retreat 8% In Q3

(RTTNews) - Cryolife Inc. (CRY) announced a profit for third quarter that declined compared to the same period last year.

The company said its earnings came in at $2.15 million, or $0.07 per share. This was lower than $2.33 million, or $0.08 per share, in last year's third quarter.

Analysts had expected the company to earn $0.01 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.0% to $36.70 million. This was down from $37.07 million last year.

Cryolife Inc. earnings at a glance:

-Earnings (Q3): $2.15 Mln. vs. $2.33 Mln. last year. -Earnings Decline (Y-o-Y): -7.7% -EPS (Q3): $0.07 vs. $0.08 last year. -EPS Decline (Y-o-Y): -12.5% -Analysts Estimate: $0.01 -Revenue (Q3): $36.70 Mln vs. $37.07 Mln last year. -Revenue Change (Y-o-Y): -1.0%

-Guidance: Full year EPS guidance: $0.09 - $0.11 Full year revenue guidance: $146 Mln - $148 Mln