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Stock impact report

Why Is SurModics (SRDX) Up 21.9% Since Last Earnings Report? [Yahoo! Finance]

Surmodics, Inc. (SRDX) 
Last surmodics, inc. earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: surmodics.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is SurModics due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Surmodics Q2 Earnings Top Estimates, '24 View Up Surmodics delivered earnings per share of 7 cents in the second quarter of fiscal 2024 against the year-ago quarter's loss of 40 cents per share. The metric beat the Zacks Consensus Estimate of a loss of 36 cents per share by 119.4%. GAAP earnings per share for the quarter was 2 cents, narrower than the year-earlier loss of 55 cents per share. Revenues in Detail Surmodics registered revenues of $31.9 million in the fiscal second quarter, up 18% year over year. The figure surpassed the Zacks Consensus Estimate by 11%. The top line was boosted by solid year-over-year product sales growth from the Medical Device business. Show less Read more
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