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Orthofix reports 4Q loss

WILLEMSTAD, Netherlands Antilles (AP) _ Orthofix International NV (OFIX) on Monday reported a fourth-quarter loss of $3.2 million, after reporting a profit in the same period a year earlier.

The Willemstad, Netherlands Antilles-based company said it had a loss of 18 cents per share. Earnings, adjusted for one-time gains and costs, came to 42 cents per share.

The medical device maker posted revenue of $108.5 million in the period.

For the year, the company reported net income of $3.1 million, or 17 cents per share, swinging to a profit in the period. Revenue was reported as $409.8 million.

Orthofix expects full-year earnings in the range of $1.48 to $1.58 per share, with revenue in the range of $407 million to $411 million.

Orthofix shares have increased slightly more than 5 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $38.13, climbing slightly 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


Keywords: Orthofix, Earnings Report