Greatbatch Inc. Announces 38% Drop In Q1 Earnings

(RTTNews) - Greatbatch Inc. (GB) reported a profit for first quarter that dropped compared to the same period last year.

The company said its bottom line came in at $10.48 million, or $0.34 per share. This was lower than $16.92 million, or $0.65 per share, in last year's first quarter.

The company said revenue for the quarter rose 106.0% to $332.24 million. This was up from $161.32 million last year.

Greatbatch Inc. earnings at a glance:

-Earnings (Q1): $10.48 Mln. vs. $16.92 Mln. last year. -Earnings Decline (Y-o-Y): -38.1% -EPS (Q1): $0.34 vs. $0.65 last year. -EPS Decline (Y-o-Y): -47.7% -Revenue (Q1): $332.24 Mln vs. $161.32 Mln last year. -Revenue Change (Y-o-Y): 106.0%

-Guidance: Next quarter revenue guidance: $355 - $360 Mln Full year EPS guidance: $3.00 - $3.35 Full year revenue guidance: $1.425 - $1.475 Bln