Earnings: Page 4
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Courtesy of Abbott
Abbott raises outlook amid strong Q3, sees momentum into 2024
Sales of the FreeStyle Libre continuous glucose monitor rose nearly 31% despite investor worries about the potential impact of weight-loss drugs on demand.
By Susan Kelly • Oct. 18, 2023 -
Mario Tama via Getty Images
J&J to restructure orthopedics business
The company announced the two-year restructuring in its third-quarter earnings call. It expects the changes to accelerate growth and enhance profitability, CFO Joe Wolk said.
By Elise Reuter • Oct. 17, 2023 -
sturti via Getty Images
Sponsored by ClariBad CRM data can cost your MedTech company 10% in annual revenue
Nearly half of all companies with CRM would say, “it doesn’t live up to the hype.”
By Clari • Oct. 9, 2023 -
Courtesy of Carmat
Artificial heart maker’s cash runway shrinks to 1 month after supply woes hurt sales
France’s Carmat expects revenues of up to 6 million euros in the second half of the year but needs to secure financing to avoid running out of money.
By Nick Paul Taylor • Sept. 28, 2023 -
Medtronic raises earnings forecast amid supply chain, diabetes business improvements
The company also shared an update on the planned divestment of its monitoring and respiratory interventions segments.
By Elise Reuter • Aug. 22, 2023 -
Courtesy of Cue Health Press Kit
Cue Health wins $28M BARDA contract to develop rapid respiratory infection test
The company plans to launch the respiratory panel for the 2024-25 virus season and aims to break even in 2025.
By Nick Paul Taylor • Aug. 14, 2023 -
Courtesy of Illumina
Illumina shakes up executive team, lowers 2023 outlook
The gene sequencing industry leader, which is operating under an interim CEO, named a new chief technology officer and announced the departure of its chief medical officer.
By Susan Kelly • Aug. 10, 2023 -
Courtesy of Smith & Nephew
Anne-Françoise Nesmes to step down as Smith+Nephew CFO next year
The announcement comes as Smith+Nephew raised its forecast for the year to a 6% to 7% revenue increase, due to more favorable market conditions.
By Nick Paul Taylor • Aug. 7, 2023 -
ChooChin via Getty Images
Stryker raises earnings forecast as procedures return to pre-pandemic levels
The company expects elevated procedure demand to continue into 2024 due to surgery backlogs.
By Elise Reuter • Aug. 4, 2023 -
Permission granted by Becton Dickinson
BD prepares for relaunch of Alaris pump, raises revenue forecast
The pump relaunch isn’t expected to contribute much to this year’s revenue, but could help Becton Dickinson reach its long-term financial goals.
By Elise Reuter • Aug. 3, 2023 -
Retrieved from Siemsens Website on July 01, 2022
Varian logistics slow growth at Siemens Healthineers in Q3
Healthineers has worked through some logistics problems but now faces a race to install Varian equipment at customer sites.
By Nick Paul Taylor • Aug. 2, 2023 -
Permission granted by Vicarious Surgical
Vicarious expects to perform first human procedure with robot next year
The company, after disclosing layoffs in February, said it has gained clarity on its regulatory pathway following pre-submission meetings with the FDA.
By Susan Kelly • July 31, 2023 -
Courtesy of Integra
Integra warns impact of plant closure will continue into 2024, with delays possible
Management has built a buffer into the plan but cautioned unforeseen events could cause its timeline to slip.
By Nick Paul Taylor • July 31, 2023 -
Courtesy of Thermo Fisher Scientific
Thermo Fisher eyes $450M in cost cuts due to slowing demand
The pullback in spending will include layoffs and lower investments in some areas of the business, company executives said.
By Susan Kelly • July 28, 2023 -
Courtesy of Dexcom
Dexcom hails CGM share gains as driver of 25% revenue growth in Q2
International market share gains and expanding coverage in the U.S. led the CGM maker to raise its revenue forecast for 2023.
By Nick Paul Taylor • July 28, 2023 -
Permission granted by Boston Scientific
Boston Scientific raises full-year forecast again, fueled by strong Q2
The company boosted its outlook for the second consecutive quarter and said patients face waitlists for procedures using its devices.
By Susan Kelly • July 27, 2023 -
Courtesy of https://www.edwards.com/devices/heart-valves/transcatheter-SAPIEN-3-Ultra
Edwards’ TAVR results hurt by pandemic aftereffects and competition in Q2
Staffing is still not where Edwards “would have projected to be in absence of the pandemic.”
By Nick Paul Taylor • July 27, 2023 -
Tim Boyle via Getty Images
Baxter progresses with planned kidney care spinoff, expects biopharma solutions sale this quarter
The company expects hospital spending to increase in the second half of the year amid rising procedure volumes and a stabilizing supply chain.
By Elise Reuter • July 27, 2023 -
National Institute of Allergy and Infectious Diseases. (2020). "Novel Coronavirus SARS-CoV-2" [Micrograph]. Retrieved from Flickr.
Demand for 4-in-1 test helps Danaher’s COVID sales beat internal forecast
Danaher said it is continuing to take market share as many customers look to consolidate their point-of-care PCR testing platforms.
By Nick Paul Taylor • July 26, 2023 -
Courtesy of GE Healthcare
GE HealthCare plans cost cuts, raises earnings forecast
The company plans to improve its margins by cutting down on service agreements and by driving more efficiency in manufacturing and supply chain.
By Elise Reuter • July 25, 2023 -
Courtesy of Philips
Philips reports 9% sales jump, in rebound from sleep device recall
Litigation and a U.S. Justice Department investigation into the recall are ongoing, as are discussions on a proposed consent decree.
By Susan Kelly • July 24, 2023 -
Courtesy of Intuitive Surgical
Bariatric surgery slowdown nips Intuitive Surgical’s Q2 procedure growth
New weight-loss drugs are eroding demand for surgical procedures that employ the company’s robotic systems.
By Susan Kelly • July 21, 2023 -
Courtesy of Abbott
Abbott Q2 net profit falls as weaker COVID test sales drag on revenue
Stronger medical device sales and a recovery in the infant formula business partly offset the impact of reduced COVID-19 testing.
By Susan Kelly • July 20, 2023 -
Mario Tama via Getty Images
J&J earnings a ‘positive early indicator’ for medtech in Q2: analyst
The company raised its revenue and earnings forecast for the year, driven by new products and global procedure growth.
By Elise Reuter • July 20, 2023 -
Courtesy of Masimo
Masimo plans cost cuts as Q2 revenue falls short of expectations
Shares of the patient-monitoring device maker dropped 22% after it said hospital orders for its equipment were delayed and demand for consumer products softened.
By Susan Kelly • July 18, 2023
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