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

Spinal Tech

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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