Abiomed (ABMD -12.9%) slips to three-month lows after issuing below consensus revenue guidance for both FQ3 and FY 2020.
ABMD sees revenues for Q3 ending Dec. 31 of ~$221.6M, up 10% from the year-ago quarter but below $226.6M analyst consensus; for the full year, the company forecasts revenues of $846M-$877M, 10%-14% better than FY 2019 but below $885.8M consensus.
The company says it was hurt during Q3 by two presentations at a conference on Nov. 17, which it believes are based on misleading analyses.
ABMD says its latest preliminary results are being provided at the J.P. Morgan Healthcare Conference.
#JPM20
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.