Companies Reporting Before The Bell
• Imara (NASDAQ:IMRA) is projected to report earnings for its third quarter.
• KT (NYSE:KT) is projected to report earnings for its third quarter.
Here's a roundup of top developments in the biotech space over the last 24 hours.
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Scaling The Peaks
(Biotech Stocks Hitting 52-week Highs Sept. 30)
Haemonetics Corporation (NYSE:HAE), a global medical technology company focused on delivering innovative medical solutions to drive better patient outcomes, announced that the VASCADE MVP® Venous Vascular Closure
After pulling data from Benzinga Pro it seems like during Q1, Haemonetics (NYSE:HAE) posted sales of $228.53 million. Earnings were up 61.57%, but Haemonetics still reported an overall loss of $8.21 million.
Shares of Haemonetics (NYSE:HAE) remained unaffected after the company reported Q1 results.
Quarterly Results
Earnings per share increased 8.70% year over year to $0.50, which beat the estimate of $0.46.
Haemonetics (NYSE:HAE) reported quarterly earnings of $0.50 per share which beat the analyst consensus estimate of $0.46 by 8.7 percent. This is a 8.7 percent increase over earnings of $0.46 per share from the same
Biopharma stocks ended higher for the week ending Aug. 6, as the sector latched on to the optimism that was evident in the broader markets. Earnings continued to flow in, triggering stock-specific moves, while clinical readouts also moved stocks during the week.