The Quarter That Was
Revenue fell about 4% this quarter, missing the consensus estimate by almost $200 million. Most concerning was the fact that the company's two largest businesses, Cardiac Rhythm Disease Management (pacemakers and ICDs) and Spinal, were two of the worst performers. CRDM saw sales fall about 8%, while spine revenue dropped 9%. Worse still, these were poor performances relative to the wider markets, suggesting that companies like St. Jude (NYSE:STJ) and Stryker (NYSE:SYK) are taking away market share.
To read the complete article, please go to:
http://stocks.investopedia.
No comments:
Post a Comment