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Luther Expects Good Sales Report

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(Dow Jones)

Luther Medical Products Inc. said Wednesday that it expects to post fourth-quarter product sales of $1.5 million, up from $1.3 million a year ago.

Luther said it expects to post product sales of $5.4 million for the year ended June 30, up from $3.9 million a year ago.

Domestic Luther Medical brand product sales for the year are expected to be $3.9 million, up 86% from $2.1 million a year ago. For the fourth quarter, domestic sales are expected to rise 80%.

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Luther designs and manufactures intravenous catheter systems.

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