K2M Group: 2Q Earnings Snapshot
Aug. 01, 2018
LEESBURG, Va. (AP) _ K2M Group Holdings Inc. (KTWO) on Wednesday reported a loss of $10.8 million in its second quarter.
On a per-share basis, the Leesburg, Virginia-based company said it had a loss of 25 cents.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
The medical device company posted revenue of $73.6 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $70.9 million.
K2M Group expects full-year revenue in the range of $288 million to $291 million.
K2M Group shares have increased 18 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21.30, a fall of 12 percent in the last 12 months.