1 février, 2008 10:02
Mentor 3Q profit rises
January 31, 2008: 05:22 PM EST
NEW YORK, Jan. 31, 2008 (Thomson Financial delivered by Newstex) -- Mentor Corp. (NYSE:MNT) reported late Thursday third-quarter adjusted earnings of $14.1 million, 37 cents a share, compared with $14.8 million, or 32 cents a share, in the same period a year earlier.
The mean estimate of analysts polled by Thomson Financial was for earnings of 31 cents a share for the period.
Revenue for the period rose 23% to $92.9 million from last year's $75.3 million. Analysts had expected sales of $93.4 million.
The Santa Barbara, Calif.-based supplier of medical products for the aesthetic market said sales growth was primarily the result of the conversion from saline breast implants to memorygel silicone breast implants and benefited from positive foreign-exchange rates.
The stock closed the regular session at $34.38.
Wanfeng Zhou
