WASHINGTON (dpa-AFX) - Medical equipment maker Invacare Corp. (IVC) announced Tuesday that it expects to report unaudited and preliminary net sales for first quarter of about $218.0 million, a decrease of roughly 2.2% compared to the prior year.
When adjusted for the negative foreign currency impact and the divestiture impact from Dynamic Controls in March 2020, constant currency net sales increased 0.1%.
On average, analysts polled by Thomson Reuters expected the company to report net sales of $222.51 million for the quarter.
Preliminary results for the first quarter were largely ahead of the influence of COVID-19 and reflect growth in respiratory and mobility and seating products offset by a decline in lifestyle products.
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