Volcano Earnings: Everything You Must Know Now

Volcano Corporation (NASDAQ:VOLC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Volcano Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 50% to $0.03 in the quarter versus EPS of $0.06 in the year-earlier quarter.

Revenue: Rose 6.26% to $101.34 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Volcano Corporation reported adjusted EPS income of $0.03 per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $97.9 million.

Quoting Management: “Volcano experienced a solid increase in our FFR (Fractional Flow Reserve) disposables business, including 25 and 29 percent on a reported and constant currency basis, respectively, highlighted by growth in Europe and Japan. In addition, our IVUS (Intravascular Imaging) revenues met our expectations, driven by a greater than 25 percent increase in peripheral imaging revenues versus the second quarter a year ago,” said Scott Huennekens, president and chief executive officer.

Key Stats (on next page)…

Revenue increased 8.7% from $93.23 million in the previous quarter. EPS increased 50% from $0.02 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.02 and has not changed. For the current year, the average estimate has moved down from a profit of $0.06 to a profit of $0.05 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

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