Thoratec Posts Q2 Profit - Quick Facts

(RTTNews) - Thoratec Corp. (THOR) Tuesday reported second-quarter profit of $13.1 million or $0.23 per share, compared to a loss of $14.4 million or $0.25 per share in the same period last year.

Adjusted earnings for the quarter was $22.1 million or $0.38 per share. On average, 14 analysts polled by Thomson Reuters expected the company to earn $0.41 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues dropped to $128.2 million from $128.5 million last year. Analysts expected revenues of $128.47 million.

Looking ahead to the fiscal 2014, the company has forecast earnings in the range of $1.28 to $1.38 per share, with adjusted earnings ranging between $1.72 and $1.82 per share.

Revenues are expected to be in a range of $520 million to $535 million. Analysts currently expect the company to report full-year earnings of $1.86 per share on revenues of $535.68 million.