Merit Medical Systems Lowers Earnings Guidance - Quick Facts

(RTTNews) - Merit Medical Systems, Inc. (MMSI) announced, for 2019, the company now expects non-GAAP earnings per share in a range of $1.74 - $1.97, down from prior guidance range of $1.97 - $2.08. Net sales are anticipated in a range of $1.01 billion - $1.03 billion. Analysts polled by Thomson Reuters expected the company to report profit per share of $2.01 on revenue of $1.02 billion. Analysts' estimates typically exclude special items.

For the second-quarter, non-GAAP EPS was $0.42, compared to $0.43, a year ago. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.5, for the quarter. Analysts' estimates typically exclude special items.

Second-quarter worldwide revenue was $255.5 million, up 13.7% as reported from a year ago. Core revenue on a comparable, constant currency basis, was up 9.6% over prior year. Analysts expected revenue of $258.67 million for the quarter.