Canaccord Genuity Downgrades Exactech Inc (EXAC) to Hold

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Go back to Canaccord Genuity Downgrades Exactech Inc (EXAC) to Hold

Exactech Q1 Revenue $61.4 Million. Net Income Down 2% to $4.1 Million. Diluted EPS $0.29 vs. $0.30.

April 28, 2015 4:01 PM EDT

GAINESVILLE, Fla.--(BUSINESS WIRE)-- Exactech, Inc. (Nasdaq: EXAC), a developer and producer of bone and joint restoration products for hip, knee, shoulder, spine and biologic materials, announced today revenue of $61.4 million for the first quarter of 2015, a 3% decrease from $63.3 million in the first quarter of 2014. On a constant currency basis, revenue was flat. Net income was $4.1 million, or $0.29 per diluted share, compared to $4.2 million, or $0.30 per diluted share, in the same quarter a year ago.

First Quarter Segment Performance

The first quarter of 2015 was significantly impacted... More