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Orthofix: 3Q Earnings Snapshot

LEWISVILLE, Texas (AP) _ Orthofix Medical Inc. (OFIX) on Monday reported a loss of $40.5 million in its third quarter.

The Lewisville, Texas-based company said it had a loss of $2.14 per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were 41 cents per share.

The medical device maker posted revenue of $113.5 million in the period.

Orthofix expects full-year earnings in the range of $1.55 to $1.60 per share, with revenue in the range of $460 million to $463 million.

Orthofix shares have fallen roughly 7% since the beginning of the year. In the final minutes of trading on Monday, shares hit $49.02, a decline of 13% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OFIX at https://www.zacks.com/ap/OFIX