Fundamental Analysis » Thoratec (THOR) Smashes Earnings; Somehow Guides Up

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Thoratec (THOR) Smashes Earnings; Somehow Guides Up

As I expected Thoratec (THOR) demolished earnings expectations as this quarter’s sales came before the product recall of their heart device. What boggles me is they have the confidence to increase full year guidance. In full disclosure I did not listen to the conference call nor do I have access to analyst reports so I don’t know the full details of the recall but it sounded pretty serious on first glance. So while the results were expected to be strong this quarter, I’m surprised how adament they are on guidance. I see no further details in the press release on the recall. The stock in after hours is up 10% and right back to where it was ($24s) the trading session before the recall was announced. …
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