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0 0 0.00238767957340134 0.0042978232321223 0.00230809025428792 -0.000994866488917187 0.00218870627561786 0.00791873930518538
Stock impact report

UFP Technologies (UFPT) Shares Skyrocket, What You Need To Know [Yahoo! Finance]

UFP Technologies, Inc. (UFPT) 
Last ufp technologies, inc. earnings: 3/4 08:35 am Check Earnings Report
US:NASDAQ Investor Relations: ufpt.com/investors
Company Research Source: Yahoo! Finance
Shares of medical products company UFP Technologies (NASDAQ:UFPT) jumped 11.9% in the afternoon session after the company posted record second-quarter results and beat analyst profit expectations. The medical products company reported a 37.2% surge in sales to $151.2 million compared to the same period last year. Its adjusted earnings per share reached $2.50, which surpassed Wall Street's consensus estimate of $2.25. This strong performance was primarily driven by a 46% jump in its MedTech business, fueled by demand in areas like robotic-assisted surgery. However, the results included a 20% decline in its Advanced Components division, and the company noted increased labor costs pressured margins. Show less Read more
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