Meridian said its fiscal 2009 profit increased 8 percent to $32.8 million, or 80 cents per share, from $30.2 million, or 74 cents per share. Revenue grew 6 percent to $148.3 million from $139.6 million.The company backed its profit guidance for fiscal 2010. Meridian expects a profit of 90 cents to 95 cents per share in fiscal 2010, on $160 million to $165 million in revenue. Analysts are forecasting 92 cents per share and $160.2 million in the year ending Sept. 30.
Flu Test Sales Boost Meridian 3Q Profit 16 Percent
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.