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Last $44.98 USD
Change Today -0.17 / -0.38%
Volume 255.9K
THOR On Other Exchanges
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

thoratec corp (THOR) Snapshot

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52 Week High
05/19/15 - $45.72
52 Week Low
08/7/14 - $22.50
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thoratec corp (THOR) Details

Thoratec Corporation, together with its subsidiaries, develops, manufactures, and markets proprietary medical devices used for mechanical circulatory support for the treatment of heart failure patients. The company’s primary product lines include ventricular assist devices, including HeartMate II, an implantable, electrically powered, continuous flow, left ventricular assist device (LVAD) consisting of a rotary blood pump designed to provide intermediate and long-term mechanical circulatory support (MCS); CentriMag an extracorporeal circulatory support device that provides hemodynamic stabilization in patients in need of cardiopulmonary support. It also offers PediMag and PediVAS extracorporeal full-flow acute surgical support platforms incorporating a polycarbonate pump, based on magnetically levitated bearingless motor technology, designed to provide acute surgical support to pediatric patients. In addition, it provides Thoratec Paracorporeal Ventricular Assist Device (PVAD) an external, pulsatile ventricular assist device (VAD), FDA-approved for bridge-to-transplantation (BTT) and post-cardiotomy myocardial recovery; and Thoratec Implantable Ventricular Assist Device (IVAD) an implantable, pulsatile, VAD, FDA-approved for BTT, including home discharge, and post-cardiotomy myocardial recovery and provides left, right or biventricular MCS The company markets its products through cardiovascular sales specialists and distributors in the United States and internationally. Thoratec Corporation was founded in 1976 and is headquartered in Pleasanton, California.

954 Employees
Last Reported Date: 02/19/15
Founded in 1976

thoratec corp (THOR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $201.9K
Chief Financial Officer and Vice President
Total Annual Compensation: $341.3K
President of North America
Total Annual Compensation: $233.1K
Senior Vice President and General Counsel
Total Annual Compensation: $355.8K
Senior Vice President of Technical Operations
Total Annual Compensation: $190.7K
Compensation as of Fiscal Year 2014.

thoratec corp (THOR) Key Developments

Thoratec Corp. Report Unaudited Consolidated Earnings Results for the First Quarter Ended April 4, 2015; Revised Earnings Guidance for Fiscal 2015

Thoratec Corp. reported unaudited consolidated earnings results for the first quarter ended April 4, 2015. For the quarter ended April 4, 2015, Thoratec reported revenues of $121.3 million, a 4% decrease versus revenues of $125.7 million in the same period a year ago. Revenues for the period increased 4% compared with the prior year excluding changes in foreign exchange and results in Japan, where unusual order patterns impact reported growth. Income from operations was $17.9 million against $26.8 million last year. Income before taxes was $18.8 million against $27.1 million last year. GAAP net income was $10.8 million, or $0.20 per basic and diluted share, compared to GAAP net income of $18.2 million, or $0.32 per basic and diluted share, in the same period last year. Non-GAAP net income was $20.9 million, or $0.38 per diluted share, in the first quarter of 2015, compared to non-GAAP net income of $23.7 million, or $0.41 per diluted share, in the first quarter of 2014. The company expects fiscal 2015 revenues to be in a range of $465 million to $475 million, an increase of $15 million over initial 2015 guidance. This new range incorporates first quarter performance and a modestly improved outlook for the full year market growth, which it now believes will be in the mid-single digits for 2015. Incorporated into this guidance range are the negative impacts of foreign exchange movements and having one fewer week in fiscal 2015 relative to fiscal 2014, the combined effect of which is approximately $23 million, an increase of $5 million from previous guidance due to additional unfavorable movement in foreign exchange rates. Guidance for net income per diluted share is a range of $0.58 to $0.68 on a GAAP basis and the company raised non-GAAP EPS guidance to a range of $1.15 to $1.25. The company expects the effective tax rate to be approximately 33.5% on a GAAP basis and approximately 30.0% on a non-GAAP basis.

Thoratec Corporation Joins Marta Antonucci in the Newly Created Role of President, International

Thoratec Corporation announced that Marta Antonucci has joined Thoratec in the newly created role of President, International. This new position is responsible for all Thoratec commercial operations outside of North America, including Europe, Asia, and Latin America, and reports directly to the Chief Executive Officer. Following the completion of her PhD in Biomedical Engineering, Ms. Antonucci has spent nearly twenty years in the medical technology industry, with particular focus in marketing and sales of cardiovascular devices, having held senior management positions at Guidant, Sorin Group, and Boston Scientific, where she most recently served as Vice President of Sales and Marketing for the S-ICD business in Europe.

Thoratec Corp. Presents at Bank of America Merrill Lynch 2015 Health Care Conference, May-14-2015 10:40 AM

Thoratec Corp. Presents at Bank of America Merrill Lynch 2015 Health Care Conference, May-14-2015 10:40 AM. Venue: Encore at the Wynn, 3131 S Las Vegas Blvd, Las Vegas, Nevada, United States. Speakers: D. Keith Grossman, Chief Executive Officer, President and Director.


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Price/Sales 5.1x
Price/Book 3.8x
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