Exactech (EXAC) Misses Q3 EPS by 3c, Updates Q4 & FY Guidance

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Go back to Exactech (EXAC) Misses Q3 EPS by 3c, Updates Q4 & FY Guidance

Exactech Q3 2015 Revenue $56.2 Million. Net Income $2.9 Million. Diluted EPS $0.20.

October 27, 2015 4:05 PM EDT

GAINESVILLE, Fla.--(BUSINESS WIRE)-- Exactech, Inc. (Nasdaq: EXAC), a developer and producer of bone and joint restoration products for hip, knee, shoulder and spine, announced today revenue of $56.2 million for the third quarter of 2015, a 3% decrease from $57.9 million in the third quarter of 2014. On a constant currency basis for the quarter, revenue was flat. Net income was down 4% to $2.9 million, or $0.20 per diluted share, compared to $3.0 million, or $0.21 per diluted share, in the same quarter a year ago.

Third Quarter Segment Performance

The third quarter of 2015 continued to... More