Orthofix Reports First Quarter 2020 Results
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Orthofix International (OFIX) Tops Q1 EPS by 3c, Revenues Miss
May 8, 2020 6:11 AM EDTOrthofix International (NASDAQ: OFIX) reported Q1 EPS of $0.09, $0.03 better than the analyst estimate of $0.06. Revenue for the quarter came in at $104.8 million versus the consensus estimate of $105.86 million.
Net sales of $104.8 million, a decrease of 3.9% compared to prior year and 3.4% on a constant currency basisCost management initiatives put in place to reduce cash burnBorrowed $100.0 million against the secured revolving credit facility to navigate uncertain... More