Greatbatch Inc. Reports 21% Retreat In Q3 Bottom Line

(RTTNews) - Greatbatch Inc. (GB) reported earnings for third quarter that retreated compared to the same period last year.

The company said its earnings declined to $15.40 million, or $0.58 per share. This was lower than $19.39 million, or $0.75 per share, in last year's third quarter.

The company said revenue for the quarter fell 14.6% to $146.64 million. This was down from $171.70 million last year.

Greatbatch Inc. earnings at a glance:

-Earnings (Q3): $15.40 Mln. vs. $19.39 Mln. last year. -Earnings Decline (Y-o-Y): -20.6% -EPS (Q3): $0.58 vs. $0.75 last year. -EPS Decline (Y-o-Y): -22.7% -Revenue (Q3): $146.64 Mln vs. $171.70 Mln last year. -Revenue Change (Y-o-Y): -14.6%

-Guidance: Full year EPS guidance: $2.96 - $3.06 Full year revenue guidance: $685 - $695 Mln