Abiomed, Inc. Pumps Out 33% Revenue Growth [The Motley Fool]
ABIOMED, Inc. (ABMD)
Last abiomed, inc. earnings: 4/30 07:00 am
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US:NASDAQ Investor Relations:
investors.abiomed.com/investor-relations
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Source: The Motley Fool
Sales of the Impella family of heart pumps continue to grow rapidly, driving margin improvements and big gains on the bottom line. Cardiovascular disease is the No. 1 cause of death, and more than 735,000 Americans suffer from a heart attack each year. Helping heart attack victims to survive is a big challenge that medical device maker Abiomed ( NASDAQ:ABMD ) has chosen to tackle head-on. The company's minimally invasive Impella heart pumps can be implanted in a patient's body directly after an attack to help reduce the amount of stress placed on the organ. The clinical advantages of using the Impella pump have been driving rapid adoption by healthcare providers, which in turn has allowed Abiomed's revenue and profits to soar. Coming into Thursday morning's fiscal fourth-quarter earnings report, investors were looking for the company to post yet another quarter of strong growth on the top and bottom lines. Let's dig into the results to see if it was able to keep up wit
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