Audubon, Pa.-based Globus Medical reported its third quarter 2016 financial results, according to The Cerbat Gem Market News and Analysis.
Here are five report highlights:
1. Globus saw $0.29 earnings per share in Q3, surpassing Thomson Reuters' consensus estimate of $0.28.
2. The company saw revenue of $135.7 million in Q3 2016, under analyst estimates of $139.25 million.
3. Q3 revenue decreased 1 percent compared to the same period in 2015.
4. Globus reported a net margin of 21.19 percent as well as a return on equity of 15.43 percent.
5. The company updated its fiscal year 2016 guidance to $1.20 EPS.