HRC - Hillrom FQ1 topline up 8% hikes 2021 forecast

Hillrom (HRC) FQ1 results:Net revenues: $741.1M (+8.2% Y/Y), beats by $86.69M; products sales & service: $652.5M (+6%).Net income: $58.8M (+48%); EPS: $0.88; non-GAAP EPS: $1.53, beats by $0.48.Net cash, cash equivalents and restricted cash provided by operating activities ((FY)): $100M (+30%)Fiscal 2021 guidance: Revenue to increase 0% to 2%; Adjusted earnings of $5.70 to $5.90 per share, up from prior forecast of $5.25 to $5.45; Operating cash flow of $400M to $430M, up from prior forecast of $370M to $400M.Hillrom shares up nearly 5% premarket.Previously (Feb. 5): Hill-Rom Holdings EPS beats by $0.48, beats on revenue.

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Hillrom FQ1 topline up 8%, hikes 2021 forecast