AUDUBON, Pa. (AP) — AUDUBON, Pa. (AP) — Globus Medical Inc. (GMED) on Thursday reported second-quarter earnings of $151.6 million.
The Audubon, Pennsylvania-based company said it had net income of $1.10 per share. Earnings, adjusted for non-recurring costs, came to $1.34 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The medical device company posted revenue of $789.6 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $786.9 million.
Globus Medical expects full-year earnings in the range of $4.95 to $5.05 per share, with revenue in the range of $3.18 billion to $3.22 billion.
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