Conmed Corp. Reveals 9% Increase In Q3 Earnings

(RTTNews) - Conmed Corp. (CNMD) reported a profit for its third quarter that climbed from last year.

The company said its bottom line came in at $11.54 million, or $0.41 per share. This was up from $10.57 million, or $0.38 per share, in last year's third quarter.

Analysts had expected the company to earn $0.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.2% to $184.79 million. This was up from $169.18 million last year.

Conmed Corp. earnings at a glance:

-Earnings (Q3): $11.54 Mln. vs. $10.57 Mln. last year. -Earnings Growth (Y-o-Y): 9.2% -EPS (Q3): $0.41 vs. $0.38 last year. -EPS Growth (Y-o-Y): 7.9% -Analysts Estimate: $0.40 -Revenue (Q3): $184.79 Mln vs. $169.18 Mln last year. -Revenue Change (Y-o-Y): 9.2%

-Guidance: Full year EPS guidance: $1.83 - $1.93 Full year revenue guidance: $757 - $767 Mln