Haemonetics Corp. slid after it said quarterly earnings fell 46 percent. The Braintree company, which makes and sells blood-management systems, earned $9.9 million, or 19 cents per share, in the quarter ended in December, compared to $18.3 million, or 36 cents, a year earlier. Administrative and other expenses rose 41 percent; research and development costs rose about 15 percent. Haemonetics said it expects its new OrthoPat Advance system to drive fiscal 2014 growth.
Haemonetics earnings slide 46 percent
January 31, 2013
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