AP NEWS

OrthoPediatrics: 2Q Earnings Snapshot

August 8, 2018

WARSAW, Ind. (AP) _ OrthoPediatrics Corp. (KIDS) on Wednesday reported a loss of $2.7 million in its second quarter.

The Warsaw, Indiana-based company said it had a loss of 21 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

The maker of orthopedic devices posted revenue of $15.1 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $14.2 million.

OrthoPediatrics shares have increased 38 percent since the beginning of the year.

_____

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

AP RADIO
Update hourly