Surmodics, Inc Expects FY23 Revenue $130M-$132M (Prior $103M-$106M) Vs $116.95M Est, Adj EPS Loss $(0.29)-$(0.14) (Prior $(1.98)-$(1.68)) Vs $(1.3) Est
Portfolio Pulse from Benzinga Newsdesk
Surmodics, Inc has revised its FY23 revenue guidance to $130M-$132M, up from the previous $103M-$106M. The company also expects a smaller GAAP diluted loss per share of $(0.55) to $(0.40), and a Non-GAAP diluted loss per share of $(0.29) to $(0.14).
August 04, 2023 | 11:00 am
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Surmodics has increased its FY23 revenue guidance and expects a smaller loss per share, which could positively impact its stock.
Surmodics has revised its FY23 revenue guidance upwards and expects a smaller loss per share. This indicates improved financial performance, which is likely to be viewed positively by investors and could lead to an increase in the company's stock price.
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RELEVANCE 100