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Haemonetics Corporation  (HAE)
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EARNINGS REPORT by CSIMarket

Deterioration in Earnings, Sales Lower

Haemonetics Corporation announced fourth quarter 2020 operating profit of $26.007 millions

Tomography_(CAT)_scan_pdHaemonetics Corporation reported soft results for the fourth quarter 2020, where income fell by -13.6 % to $0.34 per share and Sales decreased by -4.33 % to $238 millions, year on year.

Looking into results from previous quarter Sales deteriorated by -7.91 % from $259 millions and profit plummeted by -42.19 % from $0.58 per share.

Net income of $17.624 millions in the fourth quarter 2020 fell by -15.41 % from $20.835 millions in the corresponding period a year before. Profitability was mixed in the fourth quarter 2020, while Haemonetics Corporation's operating margin with $26.007 millions in operating income increased to 10.9%, net margin on the other hand recoiled to 7.39%.
Looking into financial results for the fiscal year 2020, Haemonetics Corporation reported Sales of $988 millions and net income of $77 millions.

Medical Equipment & Supplies Company explained also, that Eps soared by 42.31 % to $1.48 per share from $1.04 in the previous fiscal year, while Sales increased by 2.16 % from $968 millions a year ago.


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A $2.65 million tax benefit, helped Tel Instrument Electronics Corp to post $0.45 eps in the fourth quarter

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Other HAE's Earnings Reports

Haemonetics reported third quarter 2019 earnings

Haemonetics reported second quarter 2019 earnings

Haemonetics reported first quarter 2019 earnings

       
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