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LeMaitre: 3Q Earnings Snapshot

October 4, 2018

BURLINGTON, Mass. (AP) _ LeMaitre Vascular Inc. (LMAT) on Thursday reported third-quarter earnings of $4.3 million.

The Burlington, Massachusetts-based company said it had profit of 21 cents per share.

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

The medical device maker posted revenue of $24.2 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $26.1 million.

For the current quarter ending in December, LeMaitre said it expects revenue in the range of $25.6 million to $26.4 million.

The company expects full-year earnings to be $1.01 to $1.03 per share, with revenue ranging from $102.8 million to $103.6 million.

LeMaitre shares have risen 13 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $35.97, a drop of almost 6 percent 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 LMAT at https://www.zacks.com/ap/LMAT

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