U.S. Markets closed

Integer beats Street 3Q forecasts

FRISCO, Texas (AP) _ Integer Holdings Corp. (ITGR) on Thursday reported third-quarter profit of $13.7 million.

The Frisco, Texas-based company said it had profit of 43 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were 82 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The medical device outsource manufacturer posted revenue of $363.3 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $355.5 million.

Integer expects full-year earnings in the range of $2.55 to $2.75 per share, with revenue in the range of $1.42 billion to $1.44 billion.

Integer shares have risen 70 percent since the beginning of the year. The stock has more than doubled 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 ITGR at https://www.zacks.com/ap/ITGR