Thoratec Q2 Profit Rises - Quick Facts

(RTTNews) - Thoratec Corp. (THOR) reported that its second-quarter net income increased to $23.2 million, or $0.40 per share, from $20.8 million, or $0.35 per share, last year. Non-GAAP net income was $30.4 million, or $0.52 per share in the second quarter of 2013.

On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.43 for the quarter. Analysts' estimates typically exclude special items.

Revenues were $130.5 million, a ten percent increase from $118.6 million in the same period a year ago. Analysts expected revenue of $121.32 million for the quarter.

The company reaffirmed prior guidance for fiscal 2013 revenues, which are expected to be in the range of $490 million to $510 million. The company now expects fiscal 2013 net income per share to be in the range of $1.23 to $1.33, and non-GAAP net income per share to be in the range of $1.69 to $1.79. Analysts expect the company to report fiscal 2013 profit per share of $1.75 on revenue of $495.02 million.