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LeMaitre: 1Q Earnings Snapshot

BURLINGTON, Mass. (AP) _ LeMaitre Vascular Inc. (LMAT) on Wednesday reported first-quarter earnings of $3.5 million.

The Burlington, Massachusetts-based company said it had net income of 17 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The medical device maker posted revenue of $28.5 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $28 million.

LeMaitre expects full-year earnings to be 82 cents to 86 cents per share.

LeMaitre shares have increased 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $29.24, a drop of 11% 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 LMAT at https://www.zacks.com/ap/LMAT