RTTNews | Feb 18, 2021 10:50AM EST

10:49 Thursday, February 18, 2021 (RTTNews.com) - Shares of medical device outsource manufacturer Integer Holdings Corporation (ITGR) are rising more than 9% Thursday morning after reporting better-than-expected fourth-quarter results.

Income from continuing operations in the fourth quarter increased to $15 million or $0.47 per share from $11.04 million or $0.33 per share last year.

Adjusted EPS of $0.71 per share beat the average estimate of analysts polled by Thomson Reuters at $0.61 per share.

Sales in the fourth quarter declined 17% year-on-year to $268.96 million. The consensus estimate was for $263.77 million.

Looking forward to the first quarter, sales are expected to be in the range of $280 million to $290 million. Analysts see sales of $285 million for the quarter.

For the full-year, sales are expected to be in the range of $1.16 billion- $1.2 billion and adjusted EPS to be in the range of $3.40 to $3.90. Analysts expect the company to report earnings of $3.5 per share on revenue of $1.19 billion for the period.

ITGR, currently at $83.97, has been trading in the range of $46.01- $99.95 in the last one year.

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