Invacare Corp. Soaring After Stellar Earnings Report (IVC)
Shares of Invacare Corp. (NYSE: IVC) are higher on the session by 20.80%, trading at $24.16, on the heels of the company’s recent earnings report. The company beat the Street’s EPS consensus by $0.06 and beat the Street consensus revenue estimate by $14.5 million.
The company also raised FY 2010 EPS and cash flow guidance above Street estimates.
Invacare Corporation is a manufacturer and distributor of medical equipment and supplies used in the home. The company designs, manufactures and distributes a range of healthcare products for the non-acute care environment, including the home healthcare and extended care markets. Invacare sells its products principally to over 25,000 home healthcare and medical equipment providers, distributors and government locations in the United States, Australia, Canada, Europe, New Zealand and Asia.
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