Thoratec Turns To Profit In Q4; Issues FY14 Outlook - Quick Facts

(RTTNews) - Thoratec Corp. (THOR) reported that its fourth-quarter net income was $13.1 million, or $0.23 per share, compared to net loss of $14.4 million, or $0.25 per share, last year.

Non-GAAP net income was $22.1 million, down from $22.6 million in the comparable quarter last year. Earnings per share were $0.38, same as last year. On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.41 for the quarter. Analysts' estimates typically exclude special items.

Revenues were $128.17 million, down from $128.46 million in the same period a year ago, while fifteen analysts expected revenue of $128.47 million for the quarter.

Looking ahead to for fiscal 2014, the company expects GAAP income to be in the range of $1.28 to $1.38 per share, non-GAAP income of $1.72 to $1.82 per share and revenues in the range of $520 million to $535 million.

Analysts expect the company to report fiscal 2014 profit per share of $1.86 on revenue of $535.68 million.