4 Stocks Moving Big On Earnings: CNMD, QDEL, NEOG, & VASC

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Earnings season is picking up and results are driving big share price pop and drops in companies that are beating or missing on forecasts. Today, ConMed Corp (NASDAQ: CNMD), Quidel Corp. (NASDAQ: …

Earnings season is picking up and results are driving big share price pop and drops in companies that are beating or missing on forecasts. Today, ConMed Corp (NASDAQ: CNMD), Quidel Corp. (NASDAQ: QDEL), Neogen (NASDAQ: NEOG), and Vascular Solutions (NASDAQ VASC) are among healthcare's biggest movers and shakers.In the following slideshow, I address the key reasons behind each of these companies surge or purge

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  • 1. 4 Stocks Moving Big on Earnings: CNMD, QDEL, NEOG, VASC
  • 2. 1. ConMed Corp. Shares drop 12% at mid-day.
  • 3. ConMed Corp. •No buyer found. •M&A premium disappears. •Sales dip, earnings in line. •Sales down -2.5% YoY. •No good reason other than boilerplate. •Sales and earnings outlook cut. •Sales forecast cut from $770-$780 million to $735-$745 million. •Street downward revisions likely. •CEO exits.
  • 4. 2. Quidel Corp. Shares pop 11% at mid-day.
  • 5. Quidel Corp. •Sales up 6% to $31.5 million. •Better than feared following a weak Q1. •Q2 is typically weakest (flu seasonality). •Similar growth in Q3 & faster growth in Q4. •Lost $0.20 per share, or ($0.10) Non-GAAP. •Beat by $0.01 •Cash grew; debt fell.
  • 6. 3. Neogen Corp. Shares pop 12% at mid-day.
  • 7. Neogen Corp. •Revenue of $247 million in FY14. •Up 19.2% from FY13. •Food safety sales up 4.4% YoY in FYQ4. •Animal safety sales up 36.5% YoY in FYQ4. •Ex-acquisitions up 6%. •Scotland & Brazil subsidiary sales up 24% and 39%, respectively. •Food allergy test kits. •FY14 EPS of $0.76, versus $0.75 in FY13.
  • 8. 4. Vascular Solutions Shares pop 11% at mid-day.
  • 9. Vascular Solutions •Sales up 12% to $30.7 million. •Catheter sales up 17% versus last year. •Boosts low end 2014 sales guidance. •$121 million upped to $123 million, up ~12% YoY. •Earnings up 9% to $0.18. •Boosted EPS guidance. •Expects $0.73 to $0.77, up 12%-18% YoY. •Ex-recall op margin improvement. •Would have been 18.1%, up from 16.2% YoY.
  • 10. Six stock picks poised for incredible growthSix stock picks poised for incredible growthSix stock picks poised for incredible growth Leaked: This coming blockbuster could make all 4 of these companies jealous.