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Stock Market & Financial Investment News

News Breaks
May 13, 2014
11:49 EDTFEICFEI Company repeats Q2 GAAP EPS view 65c-75c, consensus 70c
Repeats Q2 revenue view $230M-$240M, consensus $236.13M. Repeats Q2 gross margin view of around 48%, tax rate approximately 19%, bookings around $250M. Repeats FY14 revenue growth rate of 8%-10% vs. 2013, consensus $1.01B. For mid-2015, targeting operating income of 20%-23% of revenue and gross profit of 50% of revenue. Says reinvesting in business. Also using cash for acquisitions, dividend and opportunistic buybacks. Sees significant growth in emerging markets. Comments from slides that are being presented at the Bank of America Merrill Lynch Health Care Conference.
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