Globus Medical (GMED) Lags Q1 Earnings and Revenue Estimates

Globus Medical (GMED) came out with quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of$ 0.74 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.11%. A quarter ago, it was expected that this medical device company would post earnings of$ 0.76 per share when it actually produced earnings of $0.84, delivering a surprise of 10.53%.Over the last four quarters ...