TransMedics Group hits record high on sales forecast raise

TransMedics

04/11/2022 15:27

** TransMedics Group Inc  TMDX.O  shares up 25.3% at $56.5,
after hitting a record high of $58.9
    ** Medical device maker late on Thursday raised 2022 revenue
outlook to between $80 million and $85 million from $67 million
to $75 million  urn:newsml:reuters.com:*:nPn5VpbzLa
    ** Co's Q3 revenue rose 378% to $25.7 mln, beating analysts'
estimates of $18.9 mln - Refinitiv IBES data
    ** Brokerages J.P. Morgan, Cowen and Co, and Canaccord
Genuity raise PTs on strong Q3 results and 2022 outlook
    ** Including session gains, stock has more than doubled YTD
 (Reporting by Khushi Mandowara)
 ((Khushi.Mandowara@thomsonreuters.com;))