NuVasive (NUVA) Boosts FY12 Revs Expectations; Guides FY13 Revs Above
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Price: $39.75 --0%
Financial Fact:
Consolidated net income: 3.5M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Consolidated net income: 3.5M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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NuVasive, Inc. (NASDAQ: NUVA) announced preliminary unaudited revenue results for the full year ended December 31, 2012. NuVasive anticipates full year 2012 revenue of approximately $619 million. The unaudited results compare to previously issued guidance of $601 million to $606 million in revenue for the full year 2012.
NuVasive expects 2013 revenue to approximate $655 million. The Company anticipates revenue growth will ramp over the course of the year as the contribution from new product launches and new geographic expansion accelerates near year end. Revenue guidance contemplates stable market conditions with some continuation of the dynamics that surfaced late in 2012, offset in part by the Company's ongoing efforts to reestablish and sustain sales momentum.
*** The Street currently expects FY12 revs of $604.4 million and FY13 revs of $638.16.
NuVasive expects 2013 revenue to approximate $655 million. The Company anticipates revenue growth will ramp over the course of the year as the contribution from new product launches and new geographic expansion accelerates near year end. Revenue guidance contemplates stable market conditions with some continuation of the dynamics that surfaced late in 2012, offset in part by the Company's ongoing efforts to reestablish and sustain sales momentum.
*** The Street currently expects FY12 revs of $604.4 million and FY13 revs of $638.16.
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