Tornier N.V. (NASDAQ:TRNX) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Tornier N.V. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.17 in the quarter versus EPS of $0.00 in the year-earlier quarter.
Revenue: Rose 11.07% to $82.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Tornier N.V. reported adjusted EPS loss of $0.17 per share. By that measure, the company missed the mean analyst estimate of $-0.10. It beat the average revenue estimate of $81.6 million.
Quoting Management: Dave Mowry, President and Chief Executive Officer of Tornier, commented, “Our revenue growth during the first quarter was driven by our Ascend shoulder family and strong lower extremities contributions from OrthoHelix. We are pleased with a solid start to the fiscal year, which positions us well for returning to double-digit, constant currency revenue growth on a pro forma basis during the second half of 2013.”
Key Stats (on next page)…