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Steris reports 3Q loss

LEICESTER, Britain (AP) _ Steris Corp. (STE) on Tuesday reported a fiscal third-quarter loss of $5 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Leicester, Britain-based company said it had a loss of 6 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 98 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 $1.04 per share.

The medical products maker posted revenue of $646.8 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $680.8 million.

Steris expects full-year earnings in the range of $3.70 to $3.76 per share.

Steris shares have increased roughly 6 percent since the beginning of the year. The stock has risen nearly 4 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 STE at https://www.zacks.com/ap/STE


Keywords: Steris, Earnings Report