OrthoPediatrics: 2Q Earnings Snapshot
WARSAW, Ind. (AP) _ OrthoPediatrics Corp. (KIDS) on Wednesday reported a loss of $2.6 million in its second quarter.
On a per-share basis, the Warsaw, Indiana-based company said it had a loss of 18 cents. Losses, adjusted for costs related to mergers and acquisitions, came to 14 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The maker of orthopedic devices posted revenue of $18.2 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $18.3 million.
OrthoPediatrics shares have declined roughly 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $31.88, a rise of 18% in the last 12 months.