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Globus Medical reports 73% increase in robot and navigation unit deployments

Globus Medical reports 73% increase in robot and navigation unit deployments Image: Primary
Globus Medical deployed 73% more robot and navigation units in the third quarter than a year earlier, CEO Keith Pfeil said in its earnings release. Its Enabling Technologies business recorded revenue growth of 24%. The deployment increase came as total company revenue remained flat year on year at $763.7 million, below analysts' $792.4 million consensus estimate. Globus lowered its full-year revenue guidance midpoint from $3.2 billion to $3.09 billion while retaining its adjusted earnings guidance midpoint of $5 per share.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.
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