Orthofix Medical: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Orthofix Medical (NASDAQ:OFIX) reported Q3 earnings, beating estimates by 133.33% with an EPS of $0.07 against an estimate of $-0.21. Revenue was up $70.01 million from the same period last year. Last quarter, the company beat EPS by $0.49, which led to a 13.31% increase in the share price the next day.
November 08, 2023 | 9:35 pm
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Orthofix Medical reported strong Q3 earnings, significantly beating estimates. This follows a trend from last quarter, where a beat on EPS led to a substantial increase in share price.
Orthofix Medical's Q3 earnings significantly exceeded estimates, which is a strong positive signal for investors. Given that last quarter's earnings beat led to a substantial increase in share price, it's reasonable to expect a similar reaction this time around.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100