Medical device company Globus Medical reported Q1 EPS of $0.72, a 35.85% YoY increase, and a 119.26% sales increase to $606.

Medical device company Globus Medical reported better-than-expected earnings per share (EPS) of $0.72 for Q1, a 35.85% increase year-over-year, and a 119.26% increase in quarterly sales to $606.67 million. The company updated its 2024 guidance to a range of $2.46bn to $2.485bn in revenue and EPS in the range of $2.75 to $2.85. Shares of GMED increased on the announcement, reaching $63.12.

May 07, 2024
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