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Exactech beats Wall Street, boosts earnings guidance after strong Q3

Thu, 10/24/2013 - 1:41pm
Mass Device

Exactech beats Wall Street expectations with its 3rd-quarter results and raises its earnings outlook for the rest of the year.

Exactech beats Wall Street, boosts earnings guidance after strong Q3

Exactech beat Wall Street's expectations with its 3rd-quarter earnings and adjusted its outlook for the rest of the year.

Exactech posted profits of $3.2 million, or 23¢ per share, on sales of $55.7 million for the 3 months ended Sept. 30. That's a profit gain of 25.0% on sales growth of 8.5% compared with the same period last year. Earnings per share were 23¢, 2 pennies ahead of Wall Street's 21¢ expectation.

The news sent EXAC shares up 0.4% to $22.09 apiece as of about 12:40 p.m. today.

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