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.