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Article: Possis Medical, Inc. Reports Second Quarter Results; Company Meets Earnings Per Share Guidance; Total Revenue Below Guidance.
- Article from:
- Business Wire
- Article date:
- February 22, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MINNEAPOLIS -- Possis Medical, Inc. (NASDAQ:POSS), a company that develops, manufactures and markets pioneering medical devices for the large and growing cardiovascular and vascular treatment markets, today reported sales of $15.1 million for the fiscal second quarter ended January 31, 2006, versus $16.2 million in the year-ago period, and $15.5 million sequentially in the first quarter of fiscal 2006. E[acute accent]Net Income for the second quarter of 2006, on a generally accepted accounting principles (GAAP) basis, was $342,000, or $0.02 per diluted share, which includes stock-based compensation expense of $730,000, net of tax, or $0.04 per diluted share, due to the ...