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LeMaitre misses Street 4Q forecasts

BURLINGTON, Mass. (AP) _ LeMaitre Vascular Inc. (LMAT) on Tuesday reported fourth-quarter net income of $2.6 million.

The Burlington, Massachusetts-based company said it had net income of 13 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.

The medical device maker posted revenue of $23.3 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $23.5 million.

For the year, the company reported profit of $10.6 million, or 55 cents per share. Revenue was reported as $89.2 million.

For the current quarter ending in April, LeMaitre said it expects revenue in the range of $23.5 million.

The company expects full-year revenue of $99 million.

LeMaitre shares have declined 3 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.59, an increase of 97 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 LMAT at https://www.zacks.com/ap/LMAT


Keywords: LeMaitre Vascular, Earnings Report