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UPDATE 1-Thoratec Q3 profit tops Street, raises FY09 EPS view

Thu Nov 5, 2009 3:43am IST
 
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* Q3 adj EPS $0.22 vs est $0.19

* Revenue $87.9 mln vs est $88.4 mln

* Raises FY09 adj EPS to $0.80-$0.84 from $0.76-$0.81

* Tightens FY09 rev view to $360 mln-$365 mln

* Shares up 6 pct in after market trade

Nov 4 (Reuters) - Cardiac-device maker Thoratec Corp (THOR.O: Quote, Profile, Research) posted a better-than-expected quarterly profit, helped by improved gross margins, and raised its 2009 earnings view, sending its shares up 6 percent in after-market trade.

For the third quarter, net income was $11.8 million, or 20 cents a share, compared with $6.1 million, or 11 cents a share, a year ago.

Excluding items, the company earned 22 cents a share.

Analysts on average were expecting 19 cents a share, before items, according to Thomson Reuters I/B/E/S.  Continued...

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