UPDATE: ICU Medical Posts 31% Decline In Q4 Profit, Issues Downbeat FY13 Forecast
ICU Medical (NASDAQ: ICUI) reported a 31% drop in its fourth-quarter earnings.
For the new year, ICU Medical projects earnings of $2.70 to $2.85 per share, and revenue of $330 million to $340 million. However, analysts expected earnings of $2.89 per share on revenue of $339 million.
ICU Medical's quarterly profit declined to $12.3 million, or $0.82 per share, from $17.8 million, or $1.26 per share, in the year-ago period.
Its revenue climbed 8.1% to $82.7 million. However, analysts were expecting earnings of $0.78 per share on revenue of $83 million.
Its gross margin rose to 50.6% from 47.1%.
ICU Medical shares fell 1.50% to close at $60.24 yesterday.
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