Medical device maker Given Imaging (GIVN) soared almost 9% after the closing bell when the company posted better-than-expected fourth-quarter financial results and issued profit targets for 2012 that surpassed the Street�s projections
At 19.75 a share, the stock jumped $1.69 a�share or 11%.
Given, which makes small, pill-sized wireless cameras that are swallowed by patients so doctors can visually examine their gastrointestinal tract, earned 25 cents a share, six cents better than the Capital IQ consensus estimate. And sales rose 8% to $48.5 million, compared to the $46.8 million consensus estimates.
In 2012, Given expects to earn between 70 cents a share and 80 cents a share. The Street sees the company earnings 64 cents a share.
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