AP NEWS

LeMaitre: 3Q Earnings Snapshot

October 23, 2019 GMT

BURLINGTON, Mass. (AP) _ LeMaitre Vascular Inc. (LMAT) on Wednesday reported third-quarter net income of $5.2 million.

The Burlington, Massachusetts-based company said it had net income of 25 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The medical device maker posted revenue of $29.1 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $28.1 million.

For the current quarter ending in December, LeMaitre said it expects revenue in the range of $30.1 million to $30.9 million.

The company expects full-year earnings to be 88 cents to 90 cents per share, with revenue ranging from $117.2 million to $118 million.

LeMaitre shares have risen 52% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $35.92, an increase of 29% in the last 12 months.

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