Kensey Nash Corp KNSY reported upbeat quarterly profit.
Kensey Nash's quarterly net income rose to $4.3 million, or $0.49 per share, from $3.3 million, or $0.38 per share, in the year-ago period. Excluding items, Kensey Nash earned $0.51 per share. Its revenue surged 32% to $23 million. However, analysts were expecting earnings of $0.46 per share on revenue of $23.35 million.
Kensey Nash expects Q3 earnings of around $0.22 to $0.24 per share, on revenue of $20.2 million to $20.8 million. However, analysts were expecting earnings of $0.23 per share, on revenue of $21.2 million.
Kensey Nash shares closed at $23.89 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in