UPDATE 1-Thoratec Q3 profit tops Street, raises FY09 EPS view
* 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...
Dubai Debt Fears
Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets. Full Article | Slideshow










