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Steris beats quarterly estimates on continued demand for medical procedures
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Steris beats quarterly estimates on continued demand for medical procedures
Nov 9, 2024 11:45 AM

Nov 6 (Reuters) - Medical equipment maker Steris ( STE )

beat second-quarter profit estimates on Wednesday, on continued

demand for non-urgent medical procedures that boosted sales of

its surgical and examination tools.

The company has seen strong sales for the last few quarters

due to sustained demand for healthcare services.

Steris ( STE ) continues to expect its fiscal 2025 revenue to

increase in the range of 6.5% to 7.5%.

The Dublin-based company reiterated its adjusted profit

forecast for fiscal 2025 of $9.05 per share to $9.25 per share.

Analysts expect a profit of $9.16 apiece for the year.

The company posted quarterly revenue of $1.3 billion, in

line with analysts' estimates, according to data compiled by

LSEG.

Revenue from the healthcare segment, under which Steris ( STE )

sells sterilization products to hospitals and other healthcare

providers, grew 9% in the quarter to $944.2 million, ahead of

estimates of $941.35 million.

Excluding items, the company reported adjusted profit of

$2.14 per share, compared with analysts' estimates of $2.12 per

share.

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