Integra Lifesciences Holdings Corp (IART) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.79 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.77. The company posted revenue of $249.30 million in the period, compared to analysts expectations of $243.07 million. The company’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.
Many Wall Street Analysts have commented on Integra Lifesciences Holdings Corp. Integra Lifesciences Holdings Corp was Resumed by JP Morgan to “Overweight” on Jul 13, 2016.
Integra Lifesciences Holdings Corp opened for trading at $82 and hit $83.7622 on the upside on Thursday, eventually ending the session at $82.97, with a gain of 5.12% or 4.04 points. The heightened volatility saw the trading volume jump to 8,75,347 shares. Company has a market cap of $3,088 M.
In a different news, on Jun 2, 2016, James M Sullivan (director) sold 5,260 shares at $73.82 per share price. According to the SEC, on May 11, 2016, John Mooradian (Corp VP, Global Ops & Supp Chn) sold 7,653 shares at $67.04 per share price. On May 11, 2016, Joseph Vinhais (Corp VP,Global Qlty Assurance) sold 972 shares at $73.36 per share price, according to the Form-4 filing with the securities and exchange commission.
Integra LifeSciences Holdings Corporation is a medical technology company. The Company offers solutions such as orthopedic extremity surgery neurosurgery spine surgery and reconstructive and general surgery. The Company’s operating segments are: Specialty Surgical Solutions and Orthopedics and Tissue Technologies. The Company’s Specialty Surgical Solutions segment includes the Neurosurgery business and the Instruments business. The Company’s Orthopedics and Tissue Technologies segment includes offerings such as skin and wound repair bone and joint fixation implants in the upper and lower extremities bone grafts and nerve and tendon repair. The Company sources its handheld surgical instruments and specialty metal and pyrocarbon implants through third-party vendors. The Company manufactures its products in plants which are located in the United States Puerto Rico France Germany Ireland and Mexico.