Advertisement
News
Advertisement

Invacare makes progress during 'most challenging year'

Thu, 07/25/2013 - 2:12pm
Mass Device

Invacare gains a few points on Wall Street despite sinking sales and widening losses as the company sees the light at the end of an FDA consent decree effectively shutting down 2 company facilities.

Invacare makes progress during 'most challenging year'

Ohio-based medical device maker Invacare (NYSE:IVC) jumped a few points today, despite posting a tough 2nd quarter, as the company reported progress in emerging from an FDA consent degree that has limited research, development and manufacturing abilities.

Invacare's Q2 2013 sales dropped 5.6% compared with the same period last year, and losses more than tripled in the 3 months ended June 30, 2013. Nonetheless, IVC shares jumped 4.8% today, trading at $16.40 as of about 1:30 p.m.

Advertisement

Share this Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading