Wright Medical Group N.V. Reports 2018 Second Quarter Financial Results

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Wright Medical (WMGI) PT Raised to $32 at RBC Capital

August 9, 2018 8:52 AM EDT

RBC Capital raised its price target on Wright Medical (NASDAQ: WMGI) to $32.00 (from $28.00) while maintaining a Outperform rating.

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Wright Medical Group (WMGI) Tops Q2 EPS by 3c, Revenues Beat; Boosts FY18 Revenue Views

August 8, 2018 4:09 PM EDT

Wright Medical Group (NASDAQ: WMGI) reported Q2 EPS of ($0.03), $0.03 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $205 million versus the consensus estimate of $197.09 million.

Robert Palmisano, president and chief executive officer, commented, We produced outstanding results across the board in the second quarter, including 13% constant currency net sales growth, an estimated 370 basis point increase versus the first quarter of 2018, and we exited the quarter on a strong,... More