Integer Holdings (NYSE:ITGR) yesterday handily topped the consensus earnings expectation and met sales forecasts with its fourth-quarter and full-year results.
The Frisco, Texas-based medical device contract manufacturer posted profits of $54.3 million, or $1.68 per share, on sales of $390.5 million for the three months ended Dec. 29, 2018, for a bottom-line gain of 585.0% on sales growth of 8.6% compared with Q4 2016. Integer said the profit surge was fueled by a $40 million benefit from the tax reforms enacted last year.
Get the full story at our sister site, Medical Design & Outsourcing.
The post Integer shares jump on strong Q4 earnings beat appeared first on MassDevice.
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