Aug 6 (Reuters) - Steris ( STE ) reported
better-than-expected profit and revenue for the first quarter on
Tuesday, as strong demand for non-urgent medical procedures
lifted sales of its surgical and examination tools.
The Dublin, Ireland-based company, which offers devices such
as surgical tables, examination lights and endoscope, has been
seeing strong sales of its products since late last year as more
people opt for surgical treatments that were deferred during the
pandemic.
Steris' ( STE ) revenue was at $1.3 billion for the quarter ended
June 30, compared with analysts' average estimate of $1.27
billion, according to LSEG data.
Its healthcare segment, the company's biggest by revenue,
grew 10% during the period.
The company's adjusted profit was $2.03 per share, compared
with the estimates of $1.98 per share.
Steris ( STE ) reiterated its adjusted earnings per share forecast
for the fiscal 2025 in the range of $9.05 to $9.25. It also
maintained its annual revenue growth projection of 6.5%-7.5%.