Globus Medical Inc. (GMED) reported fourth-quarter net income of $20.8 million or $0.22 per share, compared to $13.6 million or $0.15 per share in the previous year quarter.
Operating income for the latest fourth quarter was $29.1 million, up from $23.7 million in the year-ago period.
Sales for the quarter rose 14.3% to $100.54 million from $87.99 million in the comparable quarter last year.
On average, analysts polled by Thomson Reuters expected the company to earn $0.19 per share on revenues of $99.13 million for the quarter. Analysts' estimates typically exclude special items.
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