18.07.2013 23:10:51

ICU Medical Q2 Profit Declines; Cuts FY13 Outlook

(RTTNews) - ICU Medical Inc. (ICUI), Thursday reported second-quarter net income of $7.4 million or $0.48 per share, compared to $9.1 million or $0.63 per share in the comparable quarter last year.

On average, five analysts polled by Thomson Reuters expected the company to earn $0.66 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the second quarter rose to $78.66 million from $77.28 million in the prior year quarter, while four analysts estimated revenues of $83.44 million for the quarter.

Going forward, the company lowered its full year 2013 earnings to a range of $2.50 to $2.60 per share from its previous range of $2.70 to $2.85 per share. Analysts now expect fiscal 2013 earnings of $2.81 per share.

The company expects to generate full year revenue in the range of $320 million to $325 million, compared to the previous guidance of $330 million to $337 million. Analysts currently estimate revenues of $333.64 million for the year.

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