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LivaNova: 3Q Earnings Snapshot

October 30, 2019 GMT

LONDON (AP) _ LivaNova PLC (LIVN) on Wednesday reported third-quarter net income of $32.1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the London-based company said it had net income of 66 cents. Earnings, adjusted for non-recurring costs, came to 84 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.

The medical technology company posted revenue of $268.6 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $272.8 million.

LivaNova expects full-year earnings in the range of $3 to $3.10 per share.

LivaNova shares have declined 17% since the beginning of the year. The stock has declined 32% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LIVN at https://www.zacks.com/ap/LIVN