Tiger Brokers

Enovis Shares Fall After Fiscal Q2 Results

MT Newswires Live
Aug 06

Enovis (ENOV) shares were down 10% in Thursday trading after the company reported its results for fiscal Q2.

The company posted quarterly adjusted earnings of $0.90 per diluted share, compared with $0.72 a year earlier.

Analysts surveyed by FactSet expected $0.85.

Net sales for the quarter ended July 3 were $582.8 million, compared with $564.5 million a year earlier.

Analysts polled by FactSet expected $581.8 million.

The company reaffirmed its outlook for the full-year, expecting adjusted earnings per share in a range of $3.52 to $3.73 and revenue between $2.31 billion and $2.37 billion.

Analysts expect $3.64 and $2.34 billion, respectively.

Price: 26.68, Change: -3.50, Percent Change: -11.60

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