Why Shares of Vocera Communications Crashed Today
Shares of Vocera Communications (NYSE: VCRA) declined on Friday after the provider of communication solutions for the healthcare industry reported its third-quarter results. While Vocera beat analyst estimates for both revenue and earnings, disappointing guidance sent the stock 23.1% lower by 11:45 p.m. EDT.
Vocera reported third-quarter revenue of $50.8 million, up 6.3% year over year and slightly higher than the average analyst estimate. Product revenue grew 4.3% to $28.5 million, driven by 11.6% growth in device sales, while service revenue jumped 8.7% to $22.3 million.
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Source Fool.com
