NuVasive Reports Third Quarter 2018 Financial Results
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NuVasive (NUVA) Misses Q3 EPS by 6c, Revenues Beat; Lowers FY18 EPS View Below Consensus, Lifts FY18 Revenue Views Above Consensus
October 30, 2018 4:51 PM EDTNuVasive (NASDAQ: NUVA) reported Q3 EPS of $0.56, $0.06 worse than the analyst estimate of $0.62. Revenue for the quarter came in at $271.3 million versus the consensus estimate of $265.44 million.
Revenue increased 9.8% to $271.3 million, or 10.2% on a constant currency basis;GAAP operating profit margin of 6.6%; Non-GAAP operating profit margin of 15.6%;GAAP diluted earnings per share of $0.30; Non-GAAP diluted earnings per share of $0.56; andCompany updates full-year 2018 guidance."Our third quarter results reflect accelerated year-over-year revenue growth of nearly 10%, supported by strong... More
