Orthofix Reports Third Quarter 2020 Results
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Orthofix International (OFIX) Tops Q3 EPS by 67c, Revenues Beat
November 5, 2020 8:11 AM ESTOrthofix International (NASDAQ: OFIX) reported Q3 EPS of $0.31, $0.67 better than the analyst estimate of ($0.36). Revenue for the quarter came in at $110.99 million versus the consensus estimate of $86.58 million.
Net sales of $111.0 million, an increase of 52% sequentially and within 2% of our 2019 performanceUS Spinal Implants third quarter net sales increased 19% over the prior yearMotion Preservation sales in the U.S. of $5.2 million, an increase of 44% sequentially and over 400%... More