RTTNews | Oct 28, 2021 07:52AM EDT

07:52 Thursday, October 28, 2021 (RTTNews.com) - Abiomed Inc. (ABMD) announced a profit for second quarter that declined from the same period last year.

The company's earnings came in at $56.95 million, or $1.24 per share. This compares with $62.21 million, or $1.36 per share, in last year's second quarter.

Excluding items, Abiomed Inc. reported adjusted earnings of $47.17 million or $1.03 per share for the period.

Analysts had expected the company to earn $0.97 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.3% to $248.14 million from $209.76 million last year.

Abiomed Inc. earnings at a glance:

-Earnings (Q2): $47.17 Mln. vs. $46.11 Mln. last year.-EPS (Q2): $1.03 vs. $1.01 last year.-Analysts Estimate: $0.97-Revenue (Q2): $248.14 Mln vs. $209.76 Mln last year.

-Guidance:Full year revenue guidance: $1,010 - $1,030 Mln

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