Conmed (CNMD) Tops Q1 EPS by 1c, Offers Guidance
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CONMED Corporation Announces First Quarter 2016 Financial Results
April 27, 2016 4:01 PM EDTUTICA, N.Y.--(BUSINESS WIRE)-- CONMED Corporation (Nasdaq: CNMD) today announced financial results for the first quarter ended March 31, 2016.
First Quarter 2016 Highlights
Sales were $181.2 million, an increase of 1.8% compared to the first quarter of 2015. On a constant currency basis, sales increased 5.0% over the prior-year period. GAAP gross margin expanded 200 basis points year over year to 53.9%. Adjusted gross margin expanded 120 basis points year over year to 54.4%. Diluted net loss per share (GAAP) was $0.08, compared to diluted net earnings per... More