GMED Q3 Earnings Top, '24 Guidance Raised, Stock Gains in Aftermarket

Globus Medical, Inc. (GMED) reported third-quarter 2024 adjusted earnings per share (EPS) of 83 cents, which beat the Zacks Consensus Estimate by 27.7%. The figure increased 45.6% year over year.The adjusted EPS excludes certain non-recurring expenses and benefits, such as the amortization of intangibles, merger and acquisition-related costs/licensing, and provision for litigation.Without adjustments, the company registered a GAAP diluted EPS of 38 cents, up 3700% from the year-ago figure of 1 cent. Find th ...