Cantel Medical Corp (CMN)
To play doctor all you need is a stethoscope, but for the real thing you need to worry about serious problems like infections. Cantel makes devices like sterilants and filters to stave off infection.
Cantel Medical fiscal 1Q profit rises 85 percent
LITTLE FALLS, N.J. (AP) - Cantel Medical Corp., which makes products to prevent infections, said Wednesday its fiscal first-quarter profit grew 85 percent as swine flu concerns drove sales of disinfectants and face masks.
Cantel reported net income of $6.2 million, or 37 cents per share, for the three months ended Oct. 31, up from prior-year profit of $3.3 million, or 20 cents per share. Revenue rose 10 percent to $71 million from $64.4 million.
Analysts polled by Thomson Reuters expected profit of 27 cents per share.
The company said it received a boost during the quarter from sales of face masks in response to the outbreak of swine flu - known as the H1N1 virus.
Cantel is one of the largest U.S.-based manufacturers of FDA-cleared face masks. Shares of the company rose 38 cents, or 2 percent, to $19.62 in morning trading. The stock has traded between $11.15 and $19.82 over the last 52 weeks.
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