Globus Medical reports Q3 revenue of $135.7M — 5 highlights

Written by Megan Wood | November 09, 2016 | Print  | Email

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.

 

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