LMAT - Why Shares of LeMaitre Vascular Are Up Wednesday
2023-05-03 13:56:00 ET
Shares of LeMaitre Vascular (NASDAQ: LMAT) were up more than 16% as of 1:50 p.m. ET Wednesday after the healthcare company released its first-quarter earnings report on Tuesday. The medical device maker, which specializes in vascular devices, implants, and services, has seen its shares climb more than 40% this year.
The company had three items in the report that helped drive the stock up.
First, it reported quarterly sales of $47.1 million, up 19% year over year, though earnings per share ( EPS ) were $0.27, down 1% compared to the same period last year.
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Why Shares of LeMaitre Vascular Are Up Wednesday