TransMedics shares pop after organ-transplant company's 'blockbuster' results

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Company boosts full-year sales outlook as it launches transplant-aviation business

TransMedics Group Inc. shares TMDX, -5.70% jumped more than 40% premarket on Tuesday after the company reported third-quarter results reflecting growing demand for its organ-transplant services and raised its full-year revenue outlook.

TransMedics raised its full-year sales guidance to a range of $222 million to $230 million, up from prior guidance of $180 million to $190 million. The net loss in the quarter was driven primarily by $29.2 million in acquisition-related costs, TransMedics said. The company recently closed its acquisition of Summit Aviation as it prepares to launch a new transplant aviation business.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China-owned company expanded near Florida base under DeSantis governorshipRepublican presidential candidate Ron DeSantis, who has touted his tough stance toward China, stayed quiet when a subsidiary of a US-sanctioned Chinese company expanded fewer than 15 miles away fro…
Source: nypost - 🏆 91. / 67 Read more »

Pa. company added to those recalling fruit pouches for kids because they may contain leadThe U.S. Food and Drug Administration has received more reports of illness linked to lead-tainted pouches of apple cinnamon fruit puree marketed for children.…
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Verdi Club: Marin Theatre Company’s fall benefitWe are delighted to invite you to participate in Marin Theatre Company’s fall benefit. Mark your calendars for a festive celebration taking place on
Source: SFnewsnow - 🏆 237. / 63 Read more »

EXO’s D.O.’s New Agency Company Soosoo Announces Legal Action For Malicious PostsEXO’s D.O.’s New Agency Company Soosoo Announces Legal Action For Malicious Posts
Source: soompi - 🏆 574. / 51 Read more »

Live blog: French company Cybergun signs $38M Ukraine weapons contractRussia-Ukraine conflict enters its 621st day.
Source: trtworld - 🏆 101. / 63 Read more »

The Morning After: Elon Musk’s new AI company, xAI, launches Grok the chatbotThe biggest news stories this morning: Elon Musk’s new AI company, xAI, launches Grok the chatbot, FTX founder Sam Bankman-Fried found guilty of fraud, Washington DC pilots free AirTags scheme to tackle car theft.
Source: engadget - 🏆 276. / 63 Read more »