Integra LifeSciences Holdings Earnings: Here’s Why Investors are Buying Shares Now

Integra LifeSciences Holdings Corporation (NASDAQ:IART) 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 1.72%.

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Integra LifeSciences Holdings Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 45.07% to $0.39 in the quarter versus EPS of $0.71 in the year-earlier quarter.

Revenue: Rose 0.26% to $196.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Integra LifeSciences Holdings Corporation reported adjusted EPS income of $0.39 per share. By that measure, the company missed the mean analyst estimate of $0.45. It missed the average revenue estimate of $197.87 million.

Quoting Management: “The recent voluntary product recall and related product shortages created a near-term challenge, driving our outlook for 2013 lower,” said Peter Arduini, Integra’s President and Chief Executive Officer. “However, we remain committed to delivering on our long-term strategy, including sustainable margin improvement and accelerating top line growth, and look forward to realizing our growth and margin objectives in the years to come.”

Key Stats (on next page)…

Revenue decreased 8.27% from $214.43 million in the previous quarter. EPS decreased 50% from $0.78 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 $0.78 to a profit $0.61. For the current year, the average estimate has moved down from a profit of $3.15 to a profit of $2.72 over the last ninety days.

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