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By Stephen Nakrosis
Shares of Merit Medical Systems were higher in Thursday’s late-trading market, after the company reported higher earnings per share and revenue in the third quarter.
The stock rose 10% to $70 at 6:25 p.m. ET after finishing the regular trading session down less than 1% at $63.49.
The South Jordan, Utah-based maker and marketer of healthcare technology reported third-quarter earnings per share of 44 cents on revenue of $315.2 million. In the year-ago period, the company reported EPS of 27 cents on revenue of $287.1 million.
Merit Medical said it sees 2023 earnings per share of $1.52 to $1.58, above its previous guidance of $1.30 to $1.39. The company also said it is now expecting 2023 sales in a range of $1.242 billion to $1.251 billion. They had previously seen sales in a range of $1.23 billion to $1.244 billion.
On an adjusted basis, the company said it is expecting 2023 EPS of $2.93 to $2.99, topping its earlier guidance of $2.81 to $2.92.
Write to Stephen Nakrosis at [email protected]
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