K2M Group (KTWO) Misses Q1 EPS by 2c, Trims FY Revenue Guidance
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K2M Group Holdings, Inc. Reports First Quarter 2016 Financial Results, Led by U.S. Revenue Growth of 20% year-over-year, and Updates 2016 Outlook
May 2, 2016 4:01 PM EDTLEESBURG, Va., May 02, 2016 (GLOBE NEWSWIRE) -- K2M Group Holdings, Inc. (Nasdaq: KTWO) (the "Company" or "K2M"), a global medical device company focused on designing, developing and commercializing innovative and proprietary complex spine and minimally invasive technologies and techniques, today reported financial results for the first quarter ended March 31, 2016.
First Quarter 2016 Financial Summary:
Total reported revenue of $56.3 million, up 11.7% year-over-year. Total revenue increased 12.1% year-over-year on a constant currency basis.Domestic revenue of $42.2 million, up 20.0% year-over-year... More