Wright Medical Group Posts Q4 Loss

(RTTNews) - Wright Medical Group, Inc. (WMGI) Monday reported fourth-quarter net loss of $135.0 million or $2.88 per share compared to profit of $5.35 million or $0.14 per share last year.

Adjusted loss for the quarter was $0.12 per share compared adjusted profit of $0.01 per share last year. Analysts polled by Thomson Reuters expected the company to report a loss of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the fourth quarter rose to $67.8 million from $58.4 million last year. Analysts estimated revenues of $64.98 million for the quarter.

The company anticipates full-year 2014 net sales from continuing operations, or Extremity and Biologics revenue, to be in the range of $305 million to $312 million.