ICU Medical Q2 Profit Declines; Lifts FY14 GAAP EPS Outlook - Quick Facts

(RTTNews) - ICU Medical, Inc. (ICUI) Monday reported second-quarter net income of $5.9 million or $0.38 per share, compared to $7.4 million or $0.48 per share in the same period last year. Adjusted earnings for the quarter were $0.51 per share, down from $0.58 per share in the prior year period.

On average, five analysts polled by Thomson Reuters expected the company to earn $0.34 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues were $78.68 million, compared with $78.66 million last year, while four analysts expected revenues of $74.13 million.

Looking ahead to the fiscal year 2014, the company now expects earnings in the range of $1.30 to $1.50 per share and adjusted earnings in the range of $1.95 to $2.15 per share. Analysts currently expect the company to report full-year earnings of $1.39 per share.

Earlier, the company expected earnings in the range of $1.15 to $1.45 per share, with adjusted earnings in the order of $2.45 to $2.75 per share.