BURLINGTON, Mass. (AP) _ LeMaitre Vascular Inc. (LMAT) on Thursday reported second-quarter net income of $3.5 million.
On a per-share basis, the Burlington, Massachusetts-based company said it had net income of 17 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The medical device maker posted revenue of $24.9 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $15.6 million.
For the current quarter ending in October, LeMaitre said it expects revenue in the range of $30.5 million to $34.5 million.
LeMaitre shares have dropped 20% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.93, a decline of 11% in the last 12 months.