Why Shares of LeMaitre Vascular Are Up Wednesday

Shares of LeMaitre Vascular (NASDAQ: LMAT) were up more than 16% as of 1:50 p.m. ET Wednesday after the healthcare company released its first-quarter earnings report on Tuesday. The medical device maker, which specializes in vascular devices, implants, and services, has seen its shares climb more than 40% this year.

The company had three items in the report that helped drive the stock up.

First, it reported quarterly sales of $47.1 million, up 19% year over year, though earnings per share (EPS) were $0.27, down 1% compared to the same period last year.

Source Fool.com