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