CONMED Corporation Announces Third Quarter 2015 Financial Results

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Go back to CONMED Corporation Announces Third Quarter 2015 Financial Results

Leerink Partners Cuts Price Target as Conmed (CNMD) Reports 6c EPS Miss

October 22, 2015 8:53 AM EDT

Leerink Partners reiterated an Outperform rating on CONMED (NASDAQ: CNMD), and cut the price target to $53.00 (from $60.00), following the company's 3Q15 earnings results. 3Q revenues of $169M were below consensus' $173M estimate. EPS of $0.38 was below $0.44 estimate.

Analyst Richard Newitter commented,... More

Conmed (CNMD) Misses Q3 EPS by 6c, Lowers FY Outlook

October 21, 2015 4:23 PM EDT

Conmed (NASDAQ: CNMD) reported Q3 EPS of $0.38, $0.06 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $169.2 million versus the consensus estimate of $173.96 million.

Conmed sees FY2015 EPS of $1.65-$1.70, versus prior guidance of $1.82-$1.92 and the consensus of $1.83. Conmed... More