Conmed Reports Lower Sales Than Last Year but Sees Rebound

Conmed’s third-quarter sales were down compared to the same quarter last year but higher than the second quarter this year, suggesting a rebound in the works, according to a release from the company.

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The company, whose repertoire includes arthroscopy equipment, said sales for the third quarter that ended Sept. 30, 2009 were $175.5 million, compared with $179.4 million in the same quarter of 2008.

However, third quarter results “were substantially better than we had anticipated,” said Joseph Corasanti, president and CEO, and represented an $11 million increase over the second quarter.
 
Read the release on Conmed’s third quarter report.

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