Conmed Corp. Announces 13% Retreat In Q3 Profit

(RTTNews) - Conmed Corp. (CNMD) revealed a profit for third quarter that retreated compared to the same period last year.

The company said its profit fell to $10.57 million, or $0.38 per share. This was lower than $12.17 million, or $0.44 per share, in last year's third quarter.

Analysts had expected the company to earn $0.43 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.3% to $169.18 million. This was down from $174.96 million last year.

Conmed Corp. earnings at a glance:

-Earnings (Q3): $10.57 Mln. vs. $12.17 Mln. last year. -Earnings Decline (Y-o-Y): -13.1% -EPS (Q3): $0.38 vs. $0.44 last year. -EPS Decline (Y-o-Y): -13.6% -Analysts Estimate: $0.43 -Revenue (Q3): $169.18 Mln vs. $174.96 Mln last year. -Revenue Change (Y-o-Y): -3.3%

-Guidance: Full year EPS guidance: $1.65 - $1.70 Full year revenue guidance: $715 - $720 Mln