Wright Medical Group (WMGI) Tops Q1 EPS by 2c, Beats on Revenues

Wright Medical Group (NASDAQ: WMGI) reported Q1 EPS of ($0.05), $0.02 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $198.54 million versus the consensus estimate of $194.01 million.

• First Quarter 2018 Net Sales of $199 Million
• First Quarter 2018 Net Loss From Continuing Operations of $20 Million; Non-GAAP Adjusted EBITDA From Continuing Operations of $27 Million
• U.S. Upper Extremities Business Increased 21%, Led by Ongoing Launch of PERFORM™ Reversed Glenoid
• U.S. Lower Extremities Business Growth Rate Accelerates to 2.5%
• Resolution of U.K. Insurance Dispute Results in $30.75 Million Recovery
• Company Reaffirms Previously Provided 2018 Annual Guidance

For earnings history and earnings-related data on Wright Medical Group (WMGI) click here.

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