SurModics Inc. revised earnings guidance for fiscal 2013. The company reaffirms its previously stated revenue outlook for fiscal 2013. The company expects full-year revenue from continuing operations to be in the range of $55 to $58 million.

The company has increased its earnings per share outlook for fiscal 2013 based upon investment gains and a lower effective tax rate. Earnings per share from continuing operations for fiscal 2013 is now expected to be in the range of $0.86 to $0.99 per share, above its initial guidance of $0.75 to $0.87 per share. The company's updated outlook reflects an effective tax rate of 33% for the full fiscal year, mainly as a result of the favorable tax impact associated with R&D tax credits, manufacturing tax deduction and from investment gains.