Kensey Nash quarterly revenue, earnings rise

Posted: August 23, 2010

Medical device company Kensey Nash Corp., of Exton, said income for the quarter ended June 30 was up 25 percent to $5.9 million, or 60 cents per share, on revenue of $21.9 million. That compares with $4.7 million, or 41 cents per share, on $20.5 million in revenue a year earlier.

The latest results were for the company's fiscal fourth quarter.

Company shares jumped on the news. They were up $1.42, or 6.2 percent, to $24.28 in early afternoon trading.

Full-year results had lower earnings but better results per share.

For the full year, the company earned $19.5 million, or $1.78 per share, on revenue of $80.6 million. That compared with $20.1 million, or $1.69 per share, on revenue of $82.1 million for the fiscal year that ended June 30, 2009.    - Reid Kanaley

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