Conmed Corp. (CNMD) released a profit for its first quarter that increased from the same period last year but missed the Street estimates.
The company's earnings came in at $19.7 million, or $0.63 per share. This compares with $1.8 million, or $0.06 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.74 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 5.7% to $312.3 million from $295.5 million last year.
Conmed Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $19.7 Mln. vs. $1.8 Mln. last year.
-EPS (Q1): $0.63 vs. $0.06 last year.
-Revenue (Q1): $312.3 Mln vs. $295.5 Mln last year.
-Guidance:
Full year EPS guidance: $4.25 to $4.35
Full year revenue guidance: $1.330 - $1.355 bln
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