Conmed raises 2008 profit outlook on strong 1Q results

Surgical equipment maker Conmed Corp. on Thursday said it is raising its full-year profit outlook, based on the company's first-quarter results.

Conmed expects adjusted profit between $1.50 and $1.60 per share on revenue between $740 million and $750 million. Previously, the company forecast adjusted profit between $1.48 and $1.56 per share.

The company expects second-quarter profit between 36 cents and 40 cents per share on revenue between $180 million and $185 million.

Shares of Conmed closed at $24.76 Wednesday.