Globus Medical: 4Q Earnings Snapshot

AUDUBON, Pa. (AP) _ Globus Medical Inc. (GMED) on Thursday reported fourth-quarter profit of $36.8 million.

The Audubon, Pennsylvania-based company said it had net income of 36 cents per share. Earnings, adjusted for one-time gains and costs, came to 43 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The medical device company posted revenue of $195.9 million in the period.

For the year, the company reported profit of $156.5 million, or $1.54 per share. Revenue was reported as $713 million.

Globus Medical expects full-year earnings to be $1.72 per share, with revenue expected to be $770 million.

Globus Medical shares have risen 10 percent since the beginning of the year. The stock has fallen almost 1 percent 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