Lantheus Holdings IncRevenue beat estimates by 6.4% but full-year guidance missed.
Healthcare equipment and supplies stocks reported mixed first-quarter results, with the 37 companies tracked collectively beating revenue estimates by 2.3% but issuing next-quarter guidance 1.3% below expectations. Lantheus posted revenues of $377.3 million, up 1.2% year on year and exceeding estimates by 6.4%, though its full-year revenue guidance missed. STAAR Surgical delivered the strongest performance, with revenues surging 120% to $93.52 million and beating estimates by 20.8%, while Stryker was the weakest, reporting $6.02 billion in revenue that fell 5% short of expectations. Abbott Laboratories reported $11.16 billion in revenue, up 7.8% and beating estimates by 1.3%, and Integra LifeSciences posted $391.9 million, up 2.4% and exceeding estimates by 2.6%. On average, share prices across the group have declined 1.4% since the latest earnings results.
Lantheus Holdings IncRevenue beat estimates by 6.4% but full-year guidance missed.
Abbott LaboratoriesRevenue beat estimates by 1.3% and grew 7.8% year on year.
Integra LifeSciences HoldingsRevenue exceeded estimates by 2.6% and grew 2.4% year on year.
STAAR Surgical CompanyRevenue surged 120% and beat estimates by 20.8%, the strongest performance.
Stryker CorporationRevenue fell 5% short of expectations, the weakest in the group.