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CryoLife posts 1Q profit

KENNESAW, Ga. (AP) _ CryoLife Inc. (CRY) on Wednesday reported first-quarter earnings of $2.2 million.

On a per-share basis, the Kennesaw, Georgia-based company said it had profit of 6 cents. Earnings, adjusted for non-recurring costs, came to 9 cents per share.

The biological medical device maker posted revenue of $45.1 million in the period.

CryoLife expects full-year earnings in the range of 40 cents to 43 cents per share, with revenue in the range of $188 million to $192 million.

CryoLife shares have fallen 13 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.75, a rise of 35 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRY at https://www.zacks.com/ap/CRY


Keywords: CryoLife, Earnings Report