Orthofix Reports Fourth Quarter and Fiscal Year 2019 Financial Results

Go back to Orthofix Reports Fourth Quarter and Fiscal Year 2019 Financial Results

Orthofix International (OFIX) Misses Q4 EPS by 7c, Revenues Miss; Offers Q1 & FY20 EPS/Revenue Guidance Below Consensus

February 24, 2020 4:06 PM EST

Orthofix International (NASDAQ: OFIX) reported Q4 EPS of $0.51, $0.07 worse than the analyst estimate of $0.58. Revenue for the quarter came in at $121.5 million versus the consensus estimate of $122.99 million.

Fourth Quarter Highlights

Net sales of $121.5 million, an increase of 0.3% compared to prior year period and 0.9% on a constant currency basisKevin Kenny, an experienced spine executive, joins as Global Spine PresidentFDA approval of next generation Bone... More