Revenue Update on Orthofix International NV(NASDAQ:OFIX)

Orthofix International NV(NASDAQ:OFIX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $104.08M. Analysts estimated a revenue of $102.40M. Earnings per share were $0.41. Analysts had estimated an EPS of $0.33.

Orthofix International NV (OFIX) made into the market gainers list on Mondays trading session with the shares advancing 0.12% or 0.05 points. Due to strong positive momentum, the stock ended at $42.47, which is also near the day’s high of $42.73. The stock began the session at $42.38 and the volume stood at 1,20,168 shares. The 52-week high of the shares is $48.25 and the 52 week low is $32.25. The company has a current market capitalization of $770 M and it has 1,81,24,817 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, Maria Sainz (director) sold 4,157 shares at $46.33 per share price.Also, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *