K2M exceeds estimates with Q3 2016 earnings — 5 highlights

Written by Megan Wood | November 04, 2016 | Print  |

Leesburg, Va.-based K2M surpassed estimates with its third quarter earnings results, according to The Cerbat Gem Market News and Analysis.

Here are five highlights:


1. The company's $0.19 earnings per share for the third quarter beat the Thomson Reuters' consensus estimate by $0.11.


2. In the same time period in 2015, the company had a $0.25 earnings per share.


3. During Q3 2016, K2M earned $59.30 million, over the consensus estimate of $58.21 million.


4. K2M saw a negative net margin of 16.45 percent and a negative return on equity of 12.97 percent in Q3 2016.


5. The company's revenue for Q3 2016 saw a 7.8 percent increase on a year-over-year basis.


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