Globus Medical released its 2018 second quarter financial report.
Here are five key points:
1. Worldwide sales for the company were $173.4 million, a 13.8 percent increase year-over-year.
2. Globus Medical's net income for the second quarter was $45 million, a 56.9 percent increase.
3. The company's second quarter sales in the U.S., including robotics, increased 15.1 percent year-over-year. International sales increased by 7.2 percent.
4. Diluted earnings per share for the second quarter was $0.44, a 38 percent increase year-over-year. The company attributed the spike to its ExcelsiusGPS robotic and navigation system.
5. Globus Medical anticipates its full-year sales to be around $700 million. Previous guidance put the company's full-year 2018 sales at $695 million.
To view the full financial report, click here.