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

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CONMED Corporation Announces Third Quarter 2015 Financial Results

October 21, 2015 4:01 PM EDT

UTICA, N.Y.--(BUSINESS WIRE)-- CONMED Corporation (Nasdaq: CNMD) today announced financial results for the third quarter ended September 30, 2015.

Third Quarter 2015 Highlights

Sales were $169.2 million, a decrease of 3.3% compared to the third quarter of 2014. On a constant currency basis, sales increased 0.5% over the prior-year period. Diluted earnings per share (GAAP) were $0.32, compared to $0.07 in the third quarter of 2014. Adjusted diluted earnings per share were $0.38 versus $0.44 in the prior-year period. Appointed Nathan Folkert as... More