Home Diagnostics, Inc. (HDIX) Reports First Quarter Financial Results
Home Diagnostics, Inc. (HDIX) announced Tuesday that first quarter 2008 financial results beat management guidance. Now the Fort Lauderdale, Florida-based manufacturer of diabetes monitoring systems is increasing its annual revenue guidance to between $124 million and $127 million from between $123 million and $126 million. In addition, Home Diagnostics is reaffirming its full year 2008 diluted earnings per share guidance to be in the range of $0.50 to $0.52. First quarter 2008 revenue was $25.1 million, down from $28.1 million in the prior year. And while retail channel sales decreased by 0.9%, they were positively impacted by the co-brand product…