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Benzinga
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Business
Benzinga Insights

FORGOTTEN HISTORY: Abiomed s return on capital employed insights - The Untold Story

Abiomed ABMD

According to Benzinga Pro data Abiomed (NASDAQ:ABMD) posted a 19.67% decrease in earnings from Q2. Sales, however, increased by 5.25% over the previous quarter to $261.18 million. Despite the increase in sales this quarter, the decrease in earnings may suggest Abiomed is not utilizing their capital as effectively as possible. Abiomed reached earnings of $56.95 million and sales of $248.14 million in Q2.

Why Is ROCE Significant?

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