GMED Q3 Earnings Top, '24 Guidance Raised, Stock Gains in Aftermarket
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Globus Medical (GMED) reported strong sales and earnings growth for Q3 2024, leading to an increase in its 2024 guidance. Despite the positive earnings, the company experienced a contraction in margins. The stock saw gains in aftermarket trading.
November 06, 2024 | 1:45 pm
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Globus Medical reported strong Q3 2024 earnings, leading to an increase in its 2024 guidance. Despite margin contraction, the stock gained in aftermarket trading.
The strong earnings report and raised guidance are positive indicators for GMED, likely driving the stock price up in the short term. The margin contraction is a concern but was outweighed by the positive earnings surprise and guidance increase.
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