Orthofix International NV (OFIX) Releases Earnings Results, Beats Expectations By $0.08 EPS

Orthofix International NV (OFIX) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $0.41 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.33. The company posted revenue of $104.08 million in the period, compared to analysts expectations of $102.40 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Orthofix International NV opened for trading at $47.36 and hit $47.59 on the upside on Friday, eventually ending the session at $47.4, with a gain of 0.28% or 0.13 points. The heightened volatility saw the trading volume jump to 84,830 shares. Company has a market cap of $864 M.

In a different news, on Jun 13, 2016, Maria Sainz (director) sold 4,157 shares at $46.33 per share price. According to the SEC, on Jun 10, 2016, Brad Mason (CEO) sold 18,336 shares at $46.00 per share price. On Jun 9, 2016, Bradley V. Niemann (President Biostim) sold 3,402 shares at $44.70 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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