ZOLL Medical Shares Jumped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of medical device maker ZOLLMedical (NAS: ZOLL) have jumped by as much as 25% after the company reported fourth-quarter earnings last night.

So what: Fourth-quarter revenue for ZOLL added up to $151.9 million, a jump of 26%, and earnings per share increased by 58% to $0.52. Both figures were record breakers for the company, and its full-year revenue topped $520 million.

Now what: The results topped analysts' expectations of $143 million revenue and $0.49 earnings per share. Full-year earnings per share jumped 60% to $1.39, and gross margin rose from 54% last year to 57% this year. To follow up the strong results, the company's board also approved a $50 million stock repurchase plan.

Interested in more info on ZOLL Medical? Add it to your watchlist byclicking here.

At the time this article was published Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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