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flag Globus Medical beat earnings expectations, pushing its stock over $84, despite a high P/E ratio.

flag Medical device company Globus Medical reported earnings of $0.84 per share, surpassing analysts' expectations of $0.74. flag The stock rose to $84.22 on the earnings release. flag With a market cap of $11.47 billion and a P/E ratio of 125.69, Globus Medical has received a "Moderate Buy" consensus from analysts, targeting a price of $96.91. flag The company develops musculoskeletal solutions for patients.

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