CryoLife: 3Q Earnings Snapshot
KENNESAW, Ga. (AP) _ CryoLife Inc. (CRY) on Wednesday reported a third-quarter loss of $134,000, after reporting a profit in the same period a year earlier.
The Kennesaw, Georgia-based company said it had a loss of less than 1 cent on a per-share basis. Earnings, adjusted for one-time gains and costs, came to 6 cents per share.
The biological medical device maker posted revenue of $67.9 million in the period.
CryoLife expects full-year earnings in the range of 28 cents to 32 cents per share, with revenue in the range of $276.5 million to $278.5 million.
CryoLife shares have decreased 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.82, a drop of 24% in the last 12 months.