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GMEDBullishEarningsnews
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Globus Medical (GMED) Q1 Earnings Top Estimates, Margins Fall

May 8, 2024, 10:07 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- GMED reported EPS of 72 cents, beating estimates by 30.9%, with a 35.8% YoY increase. - Worldwide sales in Q1 2024 saw a 119.3% YoY increase to $606.7 million. - GMED provided a 2024 guidance with net sales projected at $2.460 billion-$2.485 billion. Price Impact Rating: Bullish Impact Horizon Rating: Short-term Type: Earnings

  • GMED reported EPS of 72 cents, beating estimates by 30.9%, with a 35.8% YoY increase.
  • Worldwide sales in Q1 2024 saw a 119.3% YoY increase to $606.7 million.
  • GMED provided a 2024 guidance with net sales projected at $2.460 billion-$2.485 billion.

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