IBD 50 Stock Plunges As Revenue Growth Hits Brakes In Third Quarter [Investor's Business Daily]
Globus Medical, Inc. Class A (GMED)
Last globus medical, inc. class a earnings: 2/20 04:15 pm
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investors.globusmedical.com
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Source: Investors Business Daily
Related news Globus Medical ( GMED ) stock toppled Friday after the IBD 50 medical technology outlet beat third-quarter expectations but said revenue growth slowed on seasonal weakness. In morning trading on the stock market today , Globus Medical stock plunged 7.9%, near 52.90. On Thursday, before the medical technology firm reported earnings, Globus Medical stock briefly topped a buy point out of a consolidation at 57.65, before closing at 57.44. During the quarter, Globus Medical earnings showed that revenue growth slowed to 11.8% in constant currency from 13.3% in the prior period , Needham analyst Mike Matson said in a report to clients. Capital sales were seasonally weak and emerging technology sales of $6.3 million lagged his view for $9 million. Still, Matson kept this buy rating and 65 price target on Globus Medical stock. "We believe Globus Medical's emerging technology segment, sales force expansion, new products and conservative guidance should enable it to continue to de
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GMED
Earnings
- 2/20/24 - Beat
GMED
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- 3/19/24 - Form 4
- GMED's page on the SEC website