Globus Medical (GMED) Q1 Earnings Beat, Operating Margin Dips

Published on 5 May 2023 on Zacks via Yahoo Finance

Globus Medical (GMED) Q1 Earnings Beat, Operating Margin Dips

Globus Medical, Inc. GMED reported adjusted earnings per share (EPS) of 53 cents for the first quarter of 2023, beating the Zacks Consensus Estimate by 3.9%. The metric also surpassed the year-ago adjusted EPS by 26.2%.

The adjusted EPS excludes certain non-recurring expenses like the amortization of intangibles and acquisition-related costs/licensing.

Without adjustments, the company registered a GAAP EPS of 48 cents, a 29.7% increase from the year-ago figure.

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Globus Medical (GMED) Q1 Earnings Beat, Operating Margin Dips

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