-+ 0.00%
-+ 0.00%
-+ 0.00%
TransMedics: Q2 Earnings Snapshot
Share
Listen to the news

ANDOVER, Mass. (AP) — ANDOVER, Mass. (AP) — TransMedics Group Inc. (TMDX) on Tuesday reported second-quarter profit of $14.7 million.

The Andover, Massachusetts-based company said it had profit of 41 cents per share. Earnings, adjusted for non-recurring costs, were 44 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The medical technology company posted revenue of $189.9 million in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $184.2 million.

TransMedics expects full-year revenue in the range of $737 million to $757 million.

_____

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

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.
What's Trending