ABIOMED (ABMD) Earnings Beat, Revenues Miss Estimates In Q2
Zacks Investment Research | Oct 30, 2019 09:01PM ET
ABIOMED, Inc. (NASDAQ:ABMD) reported second-quarter fiscal 2020 earnings per share (EPS) of $1.03, beating the Zacks Consensus Estimate of 93 cents. The figure rose 27.2% year over year.
The Zacks Rank #5 (Strong Sell) company’s revenues came in at $205 million, missing the Zacks Consensus Estimate of $206.3 million. However, the metric improved 12.8% from the prior-year quarter.
Q2 in Detail
U.S. Impella product revenues totaled $172 million, showing an increase of 9% year over year. Per management, U.S. patient usage of the Impella heart pumps rose 14% in the quarter, with 62 new sites opened in the country.
Outside the United States, Impella product revenues totaled $33 million, highlighting an increase of 40% year over year. Japan revenues were $9.6 million in the quarter, up a substantial 135%.
ABIOMED, Inc. Price, Consensus and EPS Surprise
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Edwards Lifesciences delivered third-quarter 2019 adjusted EPS of $1.41, outpacing the Zacks Consensus Estimate by 15.6%. Net sales of $1.09 billion surpassed the Zacks Consensus Estimate by 5.5%.
Thermo Fisher delivered third-quarter 2019 adjusted EPS of $2.94, which surpassed the Zacks Consensus Estimate by 2.1%. Revenues of $6.27 billion outpaced the consensus estimate by 1.3%.
ResMed reported fiscal first-quarter 2020 adjusted EPS of 93 cents, which beat the Zacks Consensus Estimate of 87 cents by 6.9%. Revenues were $681.1 million, surpassing the Zacks Consensus Estimate by 3.6%.
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