Newz(GMED) on Thursday reported second-quarter earnings of $151.6 million. The Audubon, Pennsylvania-based company said it had net income of $1.10 per share. Earnings, adjusted for non-recurring costs, came to $1.34 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share. The medical device company posted revenue of $789.6 million in the period, also beating Street forecasts.
Four analysts surveyed by Zacks expected $786.9 million. Globus Medical expects full-year earnings in the range of $4.95 to $5.05 per share, with revenue in the range of $3.18 billion to $3.22 billion. _____ 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 Source HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Assured Guaranty Ltd. (AGO) on Thursday reported second-quarter net income of $39 million.
On a per-share basis, the Hamilton, Bermuda-based company said it had net income of 88 cents. Earnings, adjusted for non-recurring costs, came to $1.23 per share. The insurance holding company posted revenue of $195 million in the period.
Its adjusted revenue was $199 million. Assured Guaranty shares have dropped 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $82.57, a decrease of 4% in the last 12 months.
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