India, July 8 -- Shares of Merit Medical Systems, Inc. (MMSI) gained nearly 5 percent in the extended trading on Monday, after losing around 3% in the regular trading, after the healthcare technology firm projected higher revenues in its second quarter, and announced the appointment of Martha Aronson as new President and Chief Executive Officer, effective October 3.
Further, the company said Fred Lampropoulos will remain as Chairman of the Board, President and CEO through October 3. Upon Aronson's appointment, Lampropoulos will continue to serve as Chairman of the Board.
In its preliminary second-quarter results, the company expects revenue in the range of approximately $380 million to $384 million, a projected increase of approximately 1...