Orthofix Medical Inc. Q1 Loss decreases, but misses estimates

(RTTNews) - Orthofix Medical Inc. (OFIX) revealed Loss for first quarter that decreased from the same period last year but missed the Street estimates.

The company's earnings totaled -$36.020 million, or -$0.95 per share. This compares with -$60.938 million, or -$1.71 per share, in last year's first quarter.

Analysts on average had expected the company to earn -$0.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.7% to $188.608 million from $175.204 million last year.

Orthofix Medical Inc. earnings at a glance (GAAP) :

-Earnings (Q1): -$36.020 Mln. vs. -$60.938 Mln. last year. -EPS (Q1): -$0.95 vs. -$1.71 last year. -Revenue (Q1): $188.608 Mln vs. $175.204 Mln last year.