Published on 26 Oct 2023 on Zacks via Yahoo Finance
CONMED (CNMD) Beats on Q3 Earnings, Ups '23 EPS View
CONMED Corporation CNMD delivered adjusted earnings per share (EPS) of 90 cents in third-quarter 2023, which beat the Zacks Consensus Estimate of 83 cents by 8.4%. The bottom line also improved 16.9% from the year-ago quarter’s level.
GAAP EPS for the quarter was 50 cents against a reported loss of $1.48 per share in the year-ago period.
The company’s shares have risen 3.4% year to date compared with the industry’s growth of 8.8%. The broader S&P 500 Index has gained 10% in the same time frame.