Globus Medical: Q1 Earnings Insights

Globus Medical GMED reported its Q1 earnings results on Thursday, May 4, 2023 at 04:15 PM.

Here's what investors need to know about the announcement.

Globus Medical beat estimated earnings by 3.92%, reporting an EPS of $0.53 versus an estimate of $0.51.

Revenue was up $46.14 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 0.51% increase in the share price the next day.

Here's a look at Globus Medical's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.56	0.52	0.53	0.47
EPS Actual	0.59	0.50	0.56	0.42
Revenue Estimate	276.67M	253.14M	259.39M	234.17M
Revenue Actual	274.50M	254.15M	263.65M	230.55M

To track all earnings releases for Globus Medical visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.