Cryolife Q4 Profit Soars; Issues FY14 Outlook

(RTTNews) - Cryolife Inc. (CRY) posted fourth-quarter net income of $9.0 million or $0.31 per share, compared to $2.1 million or $0.07 per share in the comparable quarter last year.

Excluding certain other items, proforma non-GAAP earnings per share would have been $0.08 in the fourth quarter of 2013, compared to $0.07 in the fourth quarter of 2012. On average, three analysts polled by Thomson Reuters expected the company to earn $0.35 per share. Analysts' estimates typically exclude special items.

Total revenues for the latest fourth quarter were $35.46 million, up 8% from $32.80 million in the prior year period, while two analysts expected revenues of $34.91 million for the quarter.

Looking ahead to fiscal 2014, the company expects earnings to be in the range of $0.21 per share to $0.24 per share and total revenues in the range of $146 million to $150 million. Analysts currently expect earnings of $0.38 per share on revenue of $150.15 million.