Exactech Inc. (NASDAQ:EXAC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Exactech Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 61.11% to $0.29 in the quarter versus EPS of $0.18 in the year-earlier quarter.
Revenue: Rose 11.74% to $59.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Exactech Inc. reported adjusted EPS income of $0.29 per share. By that measure, the company beat the mean analyst estimate of $0.27. It beat the average revenue estimate of $58.2 million.
Quoting Management: Exactech President David Petty said, “We continue to be enthusiastic about the market acceptance of our new product introductions and the results of the investments that we are making in R&D. Nothing characterizes this more than the exceptional growth rates of our shoulder replacement products. We have now led the industry in growth in this category for several years, which validates our leadership in providing meaningful clinical solutions for shoulder patients.”
Key Stats (on next page)…