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Stock impact report

Globus Medical Reports First Quarter 2019 Results

Globus Medical, Inc. Class A (GMED) 
Last globus medical, inc. class a earnings: 2/20 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.globusmedical.com
Company Research Source: GlobeNewswire
AUDUBON, Pa., May 02, 2019 (GLOBE NEWSWIRE) -- Globus Medical, Inc. (NYSE:GMED), a leading musculoskeletal solutions company, today announced its financial results for the first quarter ended March 31, 2019. Worldwide sales were $182.9 million, an increase of 4.9% as reportedFirst quarter net income was $33.2 million, a decrease of 16.0%Diluted earnings per share (EPS) was $0.33 and non-GAAP diluted EPS was $0.36Non-GAAP diluted EPS decreased 13.4% compared to first quarter of 2018Non-GAAP adjusted EBITDA was 31.1% of sales “Our first quarter results demonstrate continued strong momentum in the Musculoskeletal Solutions portion of our business, growing at 8.7% on an as reported basis and 9.6% in constant currency, well above the overall market," said Dave Demski, President and CEO. "Enabling Technologies contributed $7.2 million and the impressive level of surgeon adoption in accounts with our ExcelsiusGPS® robotic system continues to validate our vision of the future of computer Show less Read more
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