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Stock impact report

CONMED (CNMD) Q1 Earnings & Revenues Surpass Estimates [Yahoo! Finance]

CONMED Corporation (CNMD) 
Last conmed corporation earnings: 4/29 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
GAAP EPS for the quarter was 63 cents compared with 6 cents per share in the year-ago period. The company's shares have lost 25.8% in the past six months against the industry's rise of 10.0%. The broader S&P 500 Index has gained 23% in the same time frame. Image Source: Zacks Investment Research Revenues in Detail CONMED's revenues totaled $312.3 million, up 5.7% year over year. The top line beat the Zacks Consensus Estimate by 1.7%. At constant exchange rate (CER), revenues increased 5.9%. CNMD's first-quarter sales were driven by strong growth in the United States as well as international markets. The first quarter witnessed steady surgical volumes. The performance of CONMED's BioBrace in the foot and ankle space seemed encouraging. Segmental Details Revenues in the Orthopedic Surgery segment totaled $134.9 million, up 2.8% from the year-ago quarter's level on a reported basis. At CER, revenues increased 3.0%. Sales improved 10.6% on a reported basis on the domestic Show less Read more
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