Nuvasive, Inc. (NUVA) Tops Q4 EPS by 2c

Nuvasive, Inc. (NASDAQ: NUVA) reported Q4 EPS of $0.39, $0.02 better than the analyst estimate of $0.37. Revenue for the quarter came in at $204.3 million versus the consensus estimate of $201.4 million.

Nuvasive, Inc. sees FY2015 EPS of $1.10, which may not compare to the consensus of $1.53. Nuvasive, Inc. sees FY2015 revenue of $810 million, versus the consensus of $811.03 million.

"We are pleased to report strong results for 2014 that include double-digit revenue growth and operating margin expansion well above our target. These results clearly demonstrate our ability to execute against our global market share-taking strategy and deliver on our commitment to increase operating efficiencies across the business. Additionally, in 2014, we generated strong free cash flow approaching $60 million and ended the year with more than $400 million in cash, which greatly adds to our financial flexibility," said Alex Lukianov, Chairman and Chief Executive Officer of NuVasive. "We have the right strategy in place with an exceptionally strong portfolio and innovation pipeline, which positions NuVasive well as we look to drive continued strong momentum in our business and enhance shareholder value throughout 2015 and beyond."

For earnings history and earnings-related data on Nuvasive, Inc. (NUVA) click here.

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