Wright Medical Group (WMGI) reported first quarter adjusted net income of $0.22 per share after the close Tuesday, down from $0.24 per share last year. The consensus estimate was for EPS of $0.11. Full year 2012 EPS is expected to be between $0.26 and $0.36, which is above the consensus estimate of $0.16.
Wright Medical Group rose in early trade Wednesday and extended its gains late in the morning. Shares finished up by 1.69 at $20.43, with volume at over a 2-month high. The stock broke out of a month and a half long range and set a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.