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K2M Group (KTWO) Tops Q2 EPS by 5c

August 4, 2015 4:54 PM EDT
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Price: $27.50 --0%

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K2M Group (NASDAQ: KTWO) reported Q2 EPS of ($0.16), $0.05 better than the analyst estimate of ($0.21). Revenue for the quarter came in at $56.4 million versus the consensus estimate of $54.86 million.

K2M Group sees FY2015 revenue of $214-218 million.

"K2M's financial performance in the second quarter reflects both a solid start to deformity season, where we posted nearly 24% growth year-over-year in sales of our complex spine products, and the continued positive market response to our ongoing focus on introducing innovative spinal products to meet the needs of our surgeon customers around the world," said President and Chief Executive Officer, Eric Major. "We are extremely proud of the 20% constant currency revenue growth performance we have reported over the first half of fiscal 2015, fueled by the powerful combination of increasing productivity of our sales force, new product introductions and the expansion of our surgeon customer base around the world."

For earnings history and earnings-related data on K2M Group (KTWO) click here.



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