Orthofix International NV (OFIX) Releases Earnings Results, Beats Expectations By $0.11 EPS

Orthofix International NV (OFIX) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.28 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $0.17. The company posted revenue of $98.70 million in the period, compared to analysts expectations of $93.10 million. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.15 EPS.

Orthofix International NV closed down -0.03 points or -0.07% at $43.6 with 1,31,856 shares getting traded on Wednesday. Post opening the session at $43.54, the shares hit an intraday low of $43.39 and an intraday high of $44.315 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 18, 2016, Michael Finegan (Chief Strategy Officer) sold 80,972 shares at $43.00 per share price. According to the SEC, on Nov 6, 2015, Jeffrey Schumm (Chief Administrative Officer) sold 15,000 shares at $40.53 per share price. On Nov 6, 2015, Brad Mason (CEO) sold 15,018 shares at $40.63 per share price, according to the Form-4 filing with the securities and exchange commission.

Orthofix International N.V. (Orthofix) is a diversified global medical device company focused on providing reconstructive and regenerative orthopedic and spine solutions to physicians across the world. The company operates in four segments: BioStim Biologics Extremity Fixation and Spine Fixation. Its BioStim solutions products include Cervical-Stim Spinal-Stim and Physio-Stim. Its Biologic solutions products include AlloQuent Structural Allografts Trinity ELITE and Trinity Evolution among others. Its Extremity Fixation solutions include Fixator and Galaxy Fixation System among others. Its Spine Fixation solutions products include NewBridge Laminoplasty Fixation System and PILLAR PL & TL PEEK VBR System among others. It uses independent distributors as well as directly distributes its products in the United States Italy the United Kingdom Germany Switzerland Austria France Brazil Australia and Puerto Rico.

Orthofix International NV

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