ArthroCare Earnings: Here’s Why Investors are Happy Now

ArthroCare Corporation (NASDAQ:ARTC) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.18%.

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ArthroCare Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 23.08% to $0.3 in the quarter versus EPS of $0.39 in the year-earlier quarter.

Revenue: Decreased 0.61% to $92.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: ArthroCare Corporation reported adjusted EPS income of $0.3 per share. By that measure, the company missed the mean analyst estimate of $0.37. It missed the average revenue estimate of $94.41 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue decreased 4.79% from $96.94 million in the previous quarter. EPS decreased 43.4% from $0.53 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.36 to a profit $0.34. For the current year, the average estimate has moved down from a profit of $1.46 to a profit of $1.43 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)