Smith & Nephew Q1 Net Profit Rises 3%
Smith & Nephew PLC (NYSE: SNN) reported a 3% surge in its first-quarter net profit.
Smith & Nephew's quarterly net profit climbed to $161 million, from $156 million, in the year-ago period. Its revenue came in flat at $1.08 billion.
Smith & Nephew's earnings per share, excluding some items, climbed to 19.5 cents from 18.4 cents.
Smith & Nephew shares closed at $48.96 yesterday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.