LARGO, Fla. (AP) — LARGO, Fla. (AP) — Conmed Corp. (CNMD) on Wednesday reported first-quarter earnings of $19.7 million.
On a per-share basis, the Largo, Florida-based company said it had profit of 63 cents. Earnings, adjusted for one-time gains and costs, came to 79 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.
The medical technology company posted revenue of $312.3 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $307.1 million.
Conmed expects full-year earnings in the range of $4.25 to $4.35 per share, with revenue in the range of $1.33 billion to $1.36 billion.
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