InfuSystem slides as annual revenue forecast below estimates

Infusystem Holdings

12/08/2021 17:50

** Shares of healthcare services provider InfuSystem
Holdings Inc  INFU.N  down ~23% at $14.7 after weak Q2 results
 urn:newsml:reuters.com:*:nGNX5BSgrd
    ** Co now expects FY21 net revenue to come in at lower end
of its earlier range of $107 mln to $110 mln
    ** Analysts expect co to report FY21 revenue of $108.5 mln -
Refinitiv IBES
    ** Co posts Q2 net income per share of 4 cents, below est of
8 cents per share
    ** Q2 net revenue falls 4% y/y to $24.8 mln, also below est
of $26.5 mln
    ** Shares down ~22.6% YTD
    

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))