Earnings: Page 8


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    Mario Tama via Getty Images
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    J&J earnings a ‘positive early indicator’ for medtech in Q2: analyst

    The company raised its revenue and earnings forecast for the year, driven by new products and global procedure growth.

    By July 20, 2023
  • Masimo's W1 health watch
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    Courtesy of Masimo
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    Masimo plans cost cuts as Q2 revenue falls short of expectations

    Shares of the patient-monitoring device maker dropped 22% after it said hospital orders for its equipment were delayed and demand for consumer products softened.

    By July 18, 2023
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    Permission granted by Medtronic
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    Medtronic posts profit, sales growth in Q4, agrees to buy Korean diabetes patch maker

    The company is “confident in delivering durable revenue growth in the year ahead” amid continued improvements in procedure volumes.

    By Peter Green • May 25, 2023
  • Professional photo of Dev Kurdikar
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    Permission granted by Embecta
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    Embecta joins Tidepool to develop insulin pump, raises Q2 growth outlook

    Embecta advanced its pump project by partnering with Tidepool, a nonprofit that has developed diabetes management software that can work across different brands of pumps and monitors.

    By May 15, 2023
  • A training session for users of Nuvasive's spinal surgery tools
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    Courtesy of Nuvasive
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    NuVasive grows sales in Q1, allaying concerns about impact of $3.1B Globus merger

    The growth reflects “increased procedure volumes” and a “continued surge in demand” for NuVasive devices.

    By May 11, 2023
  • Multiple black-and-white scans of the lumbar spine next to each other.
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    HadelProductions via Getty Images
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    ZimVie will lay off 5% of staff in bid to reduce costs, streamline business

    The restructuring, along with reductions in discretionary spending, are expected to save the company $17 million to $20 million by 2024.

    By May 5, 2023
  • A person sits in front of a plate of food, holding a smartphone. They're wearing a patch on their left arm.
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    Courtesy of Insulet Corp.
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    Insulet raises revenue forecast as Omnipod 5 drives US growth

    Insulet is confident it can grow the market for tubeless insulin pumps in the long term, an outlook the company bases on its device’s convenience.

    By May 5, 2023
  • iRhythm Zio XT
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    Permission granted by iRhythm Technologies
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    iRhythm says it received DOJ subpoena regarding company’s ‘products and services’

    The company’s shares fell more than 5% after the federal government requested documents.

    By May 5, 2023
  • Becton Dickinson logo
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    Permission granted by Becton Dickinson
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    BD raises full-year forecasts again, expects Alaris infusion pump approval

    The company said revenue increases in a number of its product lines were faster than market growth rates, suggesting it’s gaining share.

    By May 4, 2023
  • Tandem Diabetes Control-IQ
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    Courtesy of Tandem Diabetes
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    Tandem expects to meet ‘key’ goals even as rival’s device launch may curb short-term sales growth

    Tandem claims it has a better insulin pump than Medtronic’s recently approved rival MiniMed 780G device.

    By May 4, 2023
  • Two metal shoulder replacements of different sizes are next to each other.
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    Permission granted by Zimmer Biomet
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    Zimmer Biomet grows revenue, profits, as orthopedic procedures return

    CEO Bryan Hanson said “pretty much everything went better than expected” in the first quarter. 

    By May 2, 2023
  • An x-ray image of a person's pelvis shows a hip replacement on the left side.
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    ChooChin via Getty Images
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    Analyst ‘blown away’ by robot-fueled growth of Stryker’s hip and knee sales

    Stryker CEO Kevin Lobo named the Mako robot as a driver of “pretty breathtaking” knee growth outside the U.S.

    By May 2, 2023
  • A patient and clinician in front of a Hologic breast imaging device
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    Courtesy of Hologic
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    Hologic, after overcoming chip shortage, starts considering larger M&A deals

    The breast health unit “emphatically returned to growth” because of improvements to the supply of semiconductors.

    By May 2, 2023
  • The Dexcom G7 Continuous Glucose Monitoring (CGM) System
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    Courtesy of Dexcom
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    Dexcom reports ‘growing momentum’ behind G7 launch in first quarter

    The CGM launch helped the company add more users than in any other quarter in its history.

    By April 28, 2023
  • A Resmed sleep apnea machine
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    Courtesy of ResMed
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    ResMed device sales jump 43% as supply constraints ease

    ResMed’s CEO said “I know we’ll be able to beat [Philips]” when the rival returns to the market after its recall.

    By April 28, 2023
  • Quest Diagnostics building
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    Courtesy of Quest Diagnostics
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    Quest Diagnostics to pay $450M to buy liquid biopsy cancer test developer as Q1 revenue drops

    The laboratory services provider said patients are returning to the healthcare system for routine care, but COVID testing has plummeted as the pandemic winds down.

    By April 27, 2023
  • 3M headquarters in Minnesota
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    Courtesy of 3M.

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    3M plans 6,000 layoffs as hospital staffing woes continue to curb procedures

    Manufacturing and supply chain “headwinds” hurt operating margins in the first quarter, the company said.

    By Peter Green • April 27, 2023
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    Tim Boyle via Getty Images
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    Baxter restructures, kidney care spinoff still planned for 2024

    CEO José Almeida also said the company is exploring strategic alternatives for its biopharma solutions unit.

    By April 27, 2023
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    Permission granted by Edwards Lifesciences
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    Edwards Q1 revenue boosted by growth at TAVR unit, surgical structural heart business

    The company also said it benefited from improved hospital staffing levels that led to a rebound in procedures.

    By April 27, 2023
  • Boston Scientific Q1 sales top expectations on ‘healthy’ market demand

    As medical procedures pick up pace after the COVID slowdown, the company said it is taking market share in all of its business units.

    By April 26, 2023
  • Thermo Fisher Scientific
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    Courtesy of Thermo Fisher Scientific
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    Thermo Fisher reports 9% drop in Q1 revenue, shares slip

    The drop in revenue accompanied a 41% decline in net income, with Life Sciences Solutions and Specialty Diagnostics revenue declining by double digits. 

    By Peter Green • April 26, 2023
  • A sign that says Illumina is on a curb in front of red brick buildings.
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    Courtesy of Illumina
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    Illumina, under pressure from Icahn, outlines plan to reduce more expenses

    The company outlined in its first-quarter earnings call a second set of cost cuts aimed at accelerating margin improvement.

    By April 26, 2023
  • A technician performing tests at Labcorp
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    Courtesy of Labcorp
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    Labcorp posts Q1 net decline, says Fortrea spinoff on track for mid-year

    The company’s first quarter results in its base operations were boosted by a partnership to manage hospital laboratories for Ascension.

    By April 25, 2023
  • Philips says revenue rises 6%, sees €575M in recall-related legal costs

    CEO Roy Jakobs expressed confidence in the company’s outlook for the year ahead and said setting aside the funds to resolve a U.S. class action lawsuit was “an important step.”

    By April 24, 2023
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    Zhanna Hapanovich via Getty Images
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    Alphatec buys robotic spine navigation system for $55M

    The spine surgery specialist expects the robotic platform to begin generating revenue in 2025.

    By Updated April 21, 2023