Globus Medical: Q1 Earnings Insights

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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.

Earnings

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.

Past Earnings Performance

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.

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