SAN FRANCISCO (Thomson Financial) - Vascular Solutions Inc. late Thursday
said it swung to first-quarter net earnings of $235,000, or a penny a share,
from a net loss of $5.53 million, or 37 cents a share a year earlier.
The mean estimate of analysts polled by Thomson Financial was a per-share
profit of 5 cents.
Revenue for the quarter ended March 31 rose to $14.1 million from $12.2
million in the prior-year period, versus the mean Street view of $15 million.
The Minneapolis-based provider of medical devices sees second-quarter
adjusted earnings of 4 cents to 6 cents on revenue of $14.5 million to $15
million.
The company lowered its 2008 outlook to adjusted earnings of 21 cents to 29
cents a share on revenue of $60 million to $62 million.
The stock rose 17 cents to close at $7.66, but fell 7.3% in after-hours
trading.
Brigid Gaffikin
bg/gm
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