Wright Medical Posts Q2 Loss - Quick Facts

(RTTNews) - Wright Medical Group, Inc. (WMGI) reported a second-quarter net loss of $17.33 million or $0.37 per share, compared to profit of $710 thousand or $0.02 per share, a year ago. Net loss from continuing operations totaled $15.5 million or $0.34 per share for the quarter, compared to a net loss of $1.4 million or $0.04 per share in the second quarter of 2012.

Net loss from continuing operations, as adjusted, was $5.8 million or $0.13 per share in the second quarter of 2013. Analysts polled by Thomson Reuters expected the company to report a loss of $0.13 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales rose to $60.57 million, from $51.96 million last year.

The company anticipates net sales from continuing operations, or Extremity and Biologics revenue, for 2013 of approximately $235 million to $240 million. The company anticipates adjusted earnings per share from continuing operations, including stock-based compensation, to be in the range of $0.55 to $0.59 per share.