Globus Medical: 4Q Earnings Snapshot
AUDUBON, Pa. (AP) _ Globus Medical Inc. (GMED) on Thursday reported fourth-quarter earnings of $45.5 million.
The Audubon, Pennsylvania-based company said it had net income of 44 cents per share. Earnings, adjusted for one-time gains and costs, were 49 cents per share.
The medical device company posted revenue of $211.7 million in the period.
For the year, the company reported profit of $155.2 million, or $1.52 per share. Revenue was reported as $785.4 million.
Globus Medical expects full-year earnings to be $1.82 per share, with revenue expected to be $850 million.
Globus Medical shares have decreased 4% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $56.45, a rise of 19% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GMED at https://www.zacks.com/ap/GMED