DURHAM, N.C. (AP) — DURHAM, N.C. (AP) — Bioventus Inc. (BVS) on Tuesday reported third-quarter net income of $3.2 million, after reporting a loss in the same period a year earlier.
The Durham, North Carolina-based company said it had profit of 5 cents per share. Earnings, adjusted for non-recurring costs, came to 15 cents per share.
The company posted revenue of $138.7 million in the period.
Bioventus expects full-year earnings in the range of 64 cents to 68 cents per share, with revenue in the range of $560 million to $570 million.
Bioventus shares have declined 38% since the beginning of the year. The stock has decreased 52% in the last 12 months.
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