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The 10-year Treasury yield, which helps set the cost of borrowing across the economy, rose to about 5.2 percent this week. This move was driven by a mix of persistent inflation and a high volume of new bonds being issued by the government and corporations.
For a company like Terumo, higher rates can be a challenge because they increase the cost of borrowing money to pay for research or new acquisitions. While Terumo has a steady business in heart surgery tools, more expensive debt could slow down its plan to expand into new areas like organ transplant technology.
Source: CNBC
Management has a history of setting conservative targets, but a massive recent jump in profits suggests the business is finally outrunning their cautious forecasts.
| Expectation | |
|---|---|
| EPS | $0.17 |
| Revenue | $1.93B |