Orthofix: 2Q Earnings Snapshot
LEWISVILLE, Texas (AP) _ Orthofix Medical Inc. (OFIX) on Monday reported a second-quarter loss of $547,000, after reporting a profit in the same period a year earlier.
On a per-share basis, the Lewisville, Texas-based company said it had a loss of 3 cents. Earnings, adjusted for non-recurring costs and amortization costs, came to 28 cents per share.
The medical device maker posted revenue of $115.9 million in the period.
Orthofix expects full-year earnings in the range of $1.75 to $1.82 per share, with revenue in the range of $472 million to $477 million.
Orthofix shares have fallen 3% since the beginning of the year. In the final minutes of trading on Monday, shares hit $50.87, a decrease of 17% in the last 12 months.