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Positive quarterly beat and higher 2026 guidance typically spurs multiple expansion; near-term price action driven by analyst upgrades and sentiment, though the initial move was modest, suggesting a potential follow-through rally as fundamentals reaffirm.
What happened, with direct paths to the underlying reporting
Merit Medical reported a stronger-than-expected Q3, with EPS of $1.12 and revenue of $416.24 million, beating consensus on both lines. The company nudged FY2026 adjusted EPS higher to $4.33-$4.37 and narrowed sales guidance to $1.635-$1.642 billion, supported by roughly 9% organic revenue growth excluding divestitures. The result underpins near-term upside as target upgrades follow.
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