Cryolife Inc. Q3 Profit Rises 39%

(RTTNews) - Cryolife Inc. (CRY) released earnings for its third quarter that climbed from last year.

The company said its bottom line advanced to $2.99 million, or $0.09 per share. This was higher than $2.15 million, or $0.07 per share, in last year's third quarter.

Analysts had expected the company to earn $0.05 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 23.3% to $45.25 million. This was up from $36.70 million last year.

Cryolife Inc. earnings at a glance:

-Earnings (Q3): $2.99 Mln. vs. $2.15 Mln. last year. -Earnings Growth (Y-o-Y): 39.1% -EPS (Q3): $0.09 vs. $0.07 last year. -EPS Growth (Y-o-Y): 28.6% -Analysts Estimate: $0.05 -Revenue (Q3): $45.25 Mln vs. $36.70 Mln last year. -Revenue Change (Y-o-Y): 23.3%

-Guidance: Full year EPS guidance: $0.43 - $0.45 Full year revenue guidance: $181 - $182.5 Mln