Natus Medical gives 1Q and full-year 2011 outlooks
Natus Medical Inc., which makes medical devices used for newborn care, on Monday forecast 2011 results that were generally equal to Wall Street estimates.
Natus said it expects a profit of 77 cents to 80 cents per share, excluding one-time items, and revenue of $247 million to $250 million. According to Thomson Reuters, analysts expect an average profit of 79 cents per share and $249.4 million in revenue. Analyst estimates also typically exclude one-time costs and gains.
The company's estimates exclude amortization expenses related to intangible assets it gained in acquisitions. Natus said those costs will be about $5 million, or 11 cents per share, in 2011. In the first quarter, it expects amortization costs of $1.2 million, or 3 cents per share. Its estimates also exclude acquisition-related restructuring charges.
For the first quarter, Natus forecast an adjusted profit of 10 to 12 cents per share on $56.5 million to $58.5 million in revenue. Analysts forecast a larger profit of 15 cents per share and revenue of $57.9 million.
Shares of Natus Medical slipped 18 cents to $14 in midday trading.