Wright Medical Group N.V. Reports 2019 First Quarter Financial Results
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Wright Medical Group (WMGI) Misses Q1 EPS by 27c, Revenues Beat; Affirms FY19 EPS/Revenue Guidance
May 7, 2019 4:11 PM EDTWright Medical Group (NASDAQ: WMGI) reported Q1 EPS of ($0.24), $0.27 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $230.1 million versus the consensus estimate of $226.16 million.
Robert Palmisano, president and chief executive officer, commented, Our first quarter net sales results represent an outstanding start to 2019, with 18% constant currency growth, and 13% pro-forma and organic constant currency growth, driven by exceptional performance across our total U.S. business with organic growth of 17%. This was led by U.S. upper extremities growth of 21% and 11% organic U.S. foot and ankle growth, with 18%... More
