Penumbra ’ s Q3 results top estimates
Penumbra (NYSE:PEN) yesterday reported third-quarter results that topped the consensus forecast on Wall Street and raised its sales outlook for the rest of the year, despite a nearly 100% profit slide. The Alameda, Calif.-based medical device company posted profits of $238,000, or 1¢ per share, on sales of $83.9 million for the three months ended Sept. 30, which amounted to a -98.0% bottom-line plunge on sales growth of 24.9% compared with Q3 2016. Analysts on The Street had predicted losses per share of -6¢ on sales of $79.2 million. Penumbra said it now expects to report full-year sales of $324 million to ...
Source: Mass Device - November 8, 2017 Category: Medical Devices Authors: Brad Perriello Tags: MassDevice Earnings Roundup Neurological Wall Street Beat Penumbra Inc. peripheral Source Type: news
Penumbra picks up Italian distributor Crossmed for $9m
Penumbra (NYSE:PEN) said today it paid $9.4 million (EU €8.2 million) for all outstanding shares of Italian Crossmed S.p.a., which operated as the company’s exclusive distributor in Italy, San Marino and the Vatican. Alameda, Calif.-based Penumbra said that with the acquisition, Crossmed is now a wholly-owned subsidiary of the company. Penumbra added that there are no material relationships between it and any of the sellers other than those pertaining to the acquisition. In addition to the initial payment, Penumbra said that it will also pay additional milestone payments based on Crossmed’s net ...
Source: Mass Device - July 11, 2017 Category: Medical Devices Authors: Fink Densford Tags: Business/Financial News Distribution Mergers & Acquisitions Penumbra Inc. Source Type: news
Lead Poisons Children In L.A. Neighborhoods Rich And Poor
With its century-old Spanish-style homes tucked behind immaculately trimmed hedges, San Marino, California, is among the most coveted spots to live in the Los Angeles area. Its public schools rank top in the state, attracting families affiliated with CalTech, the elite university blocks away. The city’s zoning rules promote a healthy lifestyle, barring fast food chains. Home values in L.A. County census tract 4641, in the heart of San Marino and 20 minutes from downtown Los Angeles, can rival those in Beverly Hills. The current average listing price: $2.9 million. But the area has another, unsettling distinction, unk...
Source: Healthy Living - The Huffington Post - April 20, 2017 Category: Consumer Health News Source Type: news
UNWTO European Conference on Accessible Tourism
Policies and measures to promote universal accessibility in tourism will be at the center of the 1st UNWTO European Conference on Accessible Tourism, jointly organized by UNWTO and the Government of the Republic of San Marino in November 2014. (Source: Disabled World)
Source: Disabled World - August 5, 2014 Category: Disability Tags: Events Source Type: news
Number of people with MS increases
The launch of the new edition of the MSIF's Atlas of MS shows an increase in MS around the world to about 2.3 million. The UK has one of the higher prevalence rates, with rates in Scotland and Northern Ireland particularly high. Higher rates are recorded in Canada, San Marino, Denmark, Sweden, Hungary and Cyprus. MSIF Reuters Scotsman Prevalence and incidence of MS - A to Z of MS (Source: Multiple Sclerosis Trust)
Source: Multiple Sclerosis Trust - October 1, 2013 Category: Neurology Source Type: news