Globus Medical projects 2018 sales at $712.5M: 5 notes

Written by Mackenzie Garrity | January 10, 2019 | Print  |

Globus Medical issued its preliminary 2018 fourth quarter and full-year financial results.

Five notes:

1. For the fourth quarter, the company expects sales to be approximately $195.5 million, an 11 percent increase year over year.

2. Globus Medical expects full-year sales to be approximately $712.5 million, a 12 percent hike year over year.

3. The company's emerging technologies segment is predicted to have generated $14.8 million in the fourth quarter, a 35 percent increase year over year.

4. Within its U.S. spinal implant business, Globus Medical estimates a 9 percent increase year over year.

5. In 2019, Globus Medical predicts year-end sales will be approximately $770 million.

More articles on devices and implants:
Barclays analyst criticizes Medtronic — Here's what CEO Omar Ishrak had to say
Medtronic issues Class 1 recall of cranial software: 5 things to know
Integra LifeSciences develops short stem, stemless shoulder system: 3 insights

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies here.

Top 40 Articles from the Past 6 Months