ArthroCare Earnings: Here’s Why Investors are Happy Now
ArthroCare Corporation (NASDAQ:ARTC) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.18%.
ArthroCare Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 23.08% to $0.3 in the quarter versus EPS of $0.39 in the year-earlier quarter.
Revenue: Decreased 0.61% to $92.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: ArthroCare Corporation reported adjusted EPS income of $0.3 per share. By that measure, the company missed the mean analyst estimate of $0.37. It missed the average revenue estimate of $94.41 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…