Merit medical systems reports q1 non-gaap eps of $0.38

Merit medical reports earnings for quarter ended march 31, 2020, withdraws fy 2020 guidance.q1 non-gaap earnings per share $0.38.q1 gaap loss per share $0.06.q1 revenue $243.5 million versus refinitiv ibes estimate of $233.2 million.q1 earnings per share estimate $0.26 -- refinitiv ibes data.cannot issue financial guidance for remainder of 2020.merit's previously issued 2020 guidance is withdrawn until further notice.has been actively sizing business based on scenarios of recovery to minimize unnecessary inventory builds.merit medical systems - has reduced executive management & other employee salaries, limited discretionary spending & delayed capital spending.has seen increased demand for many of its critical care products, as well as its infection control products.
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