UTICA, N.Y. (AP) _ Conmed Corp. (CNMD) on Wednesday reported fourth-quarter earnings of $14.9 million.
The Utica, New York-based company said it had profit of 49 cents per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, came to 90 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.
The medical technology company posted revenue of $264.9 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $264.8 million.
For the year, the company reported profit of $28.6 million, or 97 cents per share. Revenue was reported as $955.1 million.
Conmed expects full-year earnings in the range of $3.08 to $3.13 per share.
Conmed shares have dropped nearly 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $106.35, a rise of 57% in the last 12 months.