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Haemonetics: Fiscal 1Q Earnings Snapshot

August 6, 2019

BRAINTREE, Mass. (AP) _ Haemonetics Corp. (HAE) on Tuesday reported a loss of $8.5 million in its fiscal first quarter.

On a per-share basis, the Braintree, Massachusetts-based company said it had a loss of 17 cents. Earnings, adjusted for non-recurring costs, were 81 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The provider blood management systems for health care providers and blood collectors posted revenue of $238.5 million in the period, meeting Street forecasts.

Haemonetics expects full-year earnings in the range of $2.95 to $3.15 per share.

Haemonetics shares have increased 17% since the beginning of the year. The stock has climbed 21% 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 HAE at https://www.zacks.com/ap/HAE

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