Globus Medical Inc. (GMED) reported first-quarter net income of $19.9 million or $0.21 per share, compared to $17.6 million or $0.19 per share in the previous year quarter.
Operating income for the latest first quarter was $29.2 million, up from $28.1 million in the year-ago period.
Sales for the quarter rose 10.9% to $105.02 million from $94.72 million in the comparable quarter last year.
On average, analysts polled by Thomson Reuters expected the company to earn $0.20 per share on revenues of $103.18 million for the quarter. Analysts' estimates typically exclude special items.
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