Globus Medical (GMED) Tops Q3 EPS by 7c, Updates FY Guidance

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Go back to Globus Medical (GMED) Tops Q3 EPS by 7c, Updates FY Guidance

Globus Medical Reports Third Quarter 2018 Results

November 8, 2018 4:15 PM EST

AUDUBON, Pa., Nov. 08, 2018 (GLOBE NEWSWIRE) -- Globus Medical, Inc. (NYSE: GMED), a leading musculoskeletal solutions company, today announced its financial results for the third quarter ended September 30, 2018.

Worldwide sales were $169.2 million, an increase of 11.5% as reportedThird quarter net income was $35.2 million, an increase of 37.6%Diluted earnings per share (EPS) was $0.35 and non-GAAP diluted EPS was $0.39Non-GAAP diluted EPS increased 29.2% compared to third quarter of 2017Non-GAAP adjusted EBITDA was 34.1% of sales

The third quarter marks the fourth consecutive quarter of... More