Merit Medical rises after Q3 results beat

Merit Medical Systems

27/10/2023 14:48

** Shares of medical product maker Merit Medical Systems
 MMSI.O  rise 3.5% to $65.7
    ** Company after market on Thursday reported Q3 revenue of
$315.2 mln vs analysts' estimate of $306.3 mln - LSEG data
    ** Adj. EPS of $0.75 beat LSEG estimate of $0.65
    ** Company forecasts full-year revenue in the range of $1.24
bln to $1.25 bln, and adj profit between $2.93 and $2.99 per
share 
    ** Analysts expect full-year revenue at $1.24 bln and profit
of $2.94 per share
    ** Six of 8 brokerages rate stock "buy" or higher, 2 "hold";
median PT is $86 - LSEG data
    ** Up to Thursday's close, stock down about 10% YTD

 (Reporting by Pavithra S in Bengaluru)
 ((pavithra.s@thomsonreuters.com))