Cantel Medical Earnings: Here’s Why the Stock is Rising Now

Cantel Medical Corp. (NYSE:CMN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.35%.

Cantel Medical Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 31.03% to $0.38 in the quarter versus EPS of $0.29 in the year-earlier quarter.

Revenue: Rose 9.35% to $106.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cantel Medical Corp. reported adjusted EPS income of $0.38 per share. By that measure, the company beat the mean analyst estimate of $0.35. It beat the average revenue estimate of $0.

Quoting Management: Andrew Krakauer, Cantel’s President and CEO stated, “We are pleased to have delivered record sales and earnings in the second quarter. These positive results confirm the continued success of our three prong approach to growth which includes investing in new product development, sales and marketing programs and acquisitions. All of these strategies positively affected the results this quarter.”

Key Stats (on next page)…