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K2M exceeds estimates with Q3 2016 earnings — 5 highlights Featured

Written by  Megan Wood | Friday, 04 November 2016 18:57
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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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