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K2M Group Holdings (KTWO) Sank To An 11-Month Low On Q3 Forecast

K2M Group Holdings (KTWO) announced Monday morning that third quarter total revenue is expected to be approximately $62.7 million. Full year total revenue, on an as reported basis, is expected to be between $255.0 million and $257.0 million.

K2M Group Holdings gapped open sharply lower Monday, but was range-bound throughout the session. Shares finished with a loss of 4.01 at $17.77 on the highest volume of the year. The stock sank to an 11-month low.

by RTT Staff Writer

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