Globus Medical Q1 EPS $0.72 Beats $0.57 Estimate, Sales $606.67M Beat $587.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
Globus Medical (NYSE:GMED) reported Q1 earnings of $0.72 per share, surpassing the $0.57 estimate, marking a 35.85% increase from last year. Sales reached $606.67M, exceeding the $587.14M estimate, a 119.26% increase from the previous year.

May 07, 2024 | 8:16 pm
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Globus Medical reported a significant beat on both earnings per share and sales for Q1, with EPS at $0.72 against a $0.57 estimate and sales of $606.67M against a $587.14M estimate.
The significant beat on both earnings per share and sales estimates for Globus Medical in Q1 indicates strong financial performance and operational efficiency. This outperformance, especially in a competitive sector, is likely to positively influence investor sentiment and could lead to an uptick in stock price in the short term. The substantial year-over-year growth in earnings and sales further underscores the company's growth trajectory, making it an attractive asset for investors.
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