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Wright Slips To Loss, Lowers View
By: DailyMarkets.com
Posted on November 02, 2011 at 14:30 PM EDT
Orthopedic devices maker, Wright Medical Group (NASDAQ:WMGI) reported third-quarter fiscal 2011 adjusted (excluding one-time items other than stock-based compensation expense) earnings per share of 16 cents, meeting the Zacks Consensus Estimate while exceeding the year-ago earnings of 14 cents per share. The stock dipped 12.6% to $14.50 in after-hours trading on November 1. The company [...]

Orthopedic devices maker, Wright Medical Group (NASDAQ:WMGI) reported third-quarter fiscal 2011 adjusted (excluding one-time items other than stock-based compensation expense) earnings per share of 16 cents, meeting the Zacks Consensus Estimate while exceeding the year-ago earnings of 14 cents per share. The stock dipped 12.6% to $14.50 in after-hours trading on November 1.
The company slipped to a net loss of $16 million (or 42 cents per share) in the reported quarter versus a net profit of $4.7 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Related Stocks:
Smith & Nephew PLC ADS Stryker Corp. Wright Medical Group, Inc. Zimmer Holdings, Inc.
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