Globus Medical (NYSE:GMED) reported its Q3 earnings results on Tuesday, November 7, 2023 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Globus Medical beat estimated earnings by 5.56%, reporting an EPS of $0.57 versus an estimate of $0.54.
Revenue was up $129.49 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 1.87% drop in the share price the next day.
Here’s a look at Globus Medical’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.59 | 0.51 | 0.56 | 0.52 |
| EPS Actual | 0.63 | 0.53 | 0.59 | 0.50 |
| Revenue Estimate | 279.72M | 254.90M | 276.67M | 253.14M |
| Revenue Actual | 291.62M | 276.69M | 274.50M | 254.15M |
To track all earnings releases for Globus Medical visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
