14.01.2014 22:54:45
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Globus Medical Issues Q4 Sales Outlook; Lifts FY13 Sales Outlook - Quick Facts
(RTTNews) - Globus Medical, Inc. (GMED) announced that it anticipates fourth quarter 2013 sales of $115.2 million. Analysts expect fourth quarter sales of $113.29 million.
Full year 2013 estimated sales increased 12.6% over the prior year to $434.5 million, exceeding the company's previous guidance of $432 million. Analysts now expect full year 2013 sales of $432.48 million.
The company said it expects 2014 earnings per share to be in the range of $0.90 to $0.92, with sales to of $480-$486 million. This takes into account the potential dilutive impact of development expenses associated with the acquisition of Excelsius Surgical of $0.05 to $0.07 per share, as previously announced.
Analysts currently expects 2014 earnings of $0.92 per share on revenues of $487.07 million.
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