Orthopedic device maker’s 3Q revenue exceeds forecast
OrthoPediatrics Corp. is shown in June 2023 off State Road 15 in Warsaw, Indiana. (Provided Photo/Google Street View)
WARSAW, Ind. (AP) — WARSAW, Ind. (AP) — OrthoPediatrics Corp. (KIDS) on Wednesday reported a loss of $7.9 million in its third quarter.
The Warsaw, Indiana-based company said it had a loss of 34 cents per share. Losses, adjusted for non-recurring costs, came to 18 cents per share.
The maker of orthopedic devices posted revenue of $54.6 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $53.9 million.
OrthoPediatrics expects full-year revenue in the range of $202 million to $204 million.
This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on KIDS at https://www.zacks.com/ap/KIDS
News at your fingertips! Stay informed with Indiana, Local, and National News straight to your inbox.