Steris Profits Fall, Misses Estimates (STE)

Mentor, Ohio-based Steris Corporation STE released financial results on Tuesday morning that missed Wall Street estimates. Steris Corporation announced that its 3rd quarter net income fell to $34.1 million, or 57 cents per share, down from net income of $41.0 million, or 69 cents per share, a year earlier. Steris Corporation reported revenue of $328.3 million, up from $327.8 million a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 58 cents per share, on revenue of $331.02 million. The company maintained its prior full-year earnings outlook of $2.15 to $2.30 per share. Steris Corporation (STE) finished the previous trading day at $35.75 per share. The consensus price target of analysts covering the company's stock is $39.29 per share. Steris Corporation has approximately 5,000 dedicated employees around the world working together to supply a broad array of solutions by offering a combination of equipment, consumables and services to healthcare, pharmaceutical, industrial and government customers. Read more from Benzinga's Company news.