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Merit Medical: Q2 Earnings Snapshot
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SOUTH JORDAN, Utah (AP) — SOUTH JORDAN, Utah (AP) — Merit Medical Systems Inc. (MMSI) on Thursday reported second-quarter profit of $38.8 million.

The South Jordan, Utah-based company said it had profit of 65 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, came to $1.19 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.

The maker of disposable medical devices posted revenue of $418.8 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $404.7 million.

Merit Medical expects full-year earnings in the range of $4.25 to $4.35 per share, with revenue in the range of $1.63 billion to $1.64 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MMSI at https://www.zacks.com/ap/MMSI

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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