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OrthoPediatrics: 3Q Earnings Snapshot

·1 min read

WARSAW, Ind. (AP) _ OrthoPediatrics Corp. (KIDS) on Wednesday reported a loss of $4.5 million in its third quarter.

The Warsaw, Indiana-based company said it had a loss of 24 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share.

The maker of orthopedic devices posted revenue of $22.2 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $19.7 million.

OrthoPediatrics shares have dropped nearly 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $45.75, an increase of 17% in the last 12 months.

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