Finance

ArthroCare's third quarter 2006 earnings per share reaches $0.31

Published in Physician Law Weekly, November 29th, 2006

ArthroCare Corp. (ARTC), a developer of minimally invasive surgical products, announced that for the third quarter ended September 30, 2006 total revenues grew 21% to $64.7 million.

Product revenue growth of 20% was led by a 21% increase in our Sports Medicine business unit and continued strong growth in ENT revenues. On an as-reported basis, ArthroCare's net income grew to $8.7 million, or $0.31 per diluted share, for the third quarter of 2006, reflecting growth in the company's three major business units coupled with effective cost control.

"As reflected by the steady growth in our core Sports Medicine markets this quarter, we continue to set the...

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Source: Physician Law Weekly (2006-11-29)

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