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Friday, May 3
Vocera (VCRA -35.4%) slides after earnings and revenue miss expectations. Inconsistent sales...
Vocera (VCRA -35.4%) slides after earnings and revenue miss expectations. Inconsistent sales execution and increased financial scrutiny from hospital customers (due to "reduced reimbursement rates under reform"), caused "several significant expansion deals" not to be signed, says CEO Bob Zollars. VCRA also lowers its FY13 revenue and EPS guidance to $100-110M and -$0.47 to -$0.22 per share respectively. Previously bullish Leerink Swann downgrades the shares to Market Perform. "It seems like hospitals are going to be facing reimbursement pressure for a long time. That's … a comment rather than a question," analyst David Larsen said on the call. (PR, transcript)