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Orthofix: 2Q Earnings Snapshot

August 5, 2019

LEWISVILLE, Texas (AP) _ Orthofix Medical Inc. (OFIX) on Monday reported a second-quarter loss of $547,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Lewisville, Texas-based company said it had a loss of 3 cents. Earnings, adjusted for non-recurring costs and amortization costs, came to 28 cents per share.

The medical device maker posted revenue of $115.9 million in the period.

Orthofix expects full-year earnings in the range of $1.75 to $1.82 per share, with revenue in the range of $472 million to $477 million.

Orthofix shares have fallen 3% since the beginning of the year. In the final minutes of trading on Monday, shares hit $50.87, a decrease of 17% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OFIX at https://www.zacks.com/ap/OFIX

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