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LeMaitre tops Street 1Q forecasts

BURLINGTON, Mass. (AP) _ LeMaitre Vascular Inc. (LMAT) on Wednesday reported first-quarter net income of $3.2 million.

On a per-share basis, the Burlington, Massachusetts-based company said it had profit of 16 cents.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

The medical device maker posted revenue of $24.1 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $23.5 million.

LeMaitre shares have climbed 4 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $26.38, a climb of 58 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