Why Intersect ENT Shares Are Rallying 17% Today [The Motley Fool]
Intersect ENT, Inc. (XENT)
Last intersect ent, inc. earnings: 2/24 07:00 am
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US:NASDAQ Investor Relations:
ir.intersectent.com/investor-relations
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Source: The Motley Fool
First-quarter financial results are fueling investor optimism. Todd Campbell ( TMFEBCapital ) May 3, 2017 at 2:44PM What happened Intersect ENT ( NASDAQ:XENT ) shares are up 17% at 2:15 p.m. EDT today after management reported first-quarter financial results and boosted its outlook for the rest of the year. So what Last fall, Intersect ENT's shares fell on worry that changes to reimbursement rules from the Centers for Medicare & Medicaid Services (CMS) applying to upper airway procedures could crimp sales this year. IMAGE SOURCE: GETTY IMAGES. Yesterday, Intersect ENT's management overcame some of those concerns by delivering better than expected first-quarter financial results. Specifically, revenue was $20.5 million in the first quarter, up 23% from the first quarter of 2016, gross margin climbed 5% to 86% year over year in the quart
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