Leesburg, Va.-based K2M surpassed estimates with its third quarter earnings results, according to The Cerbat Gem Market News and Analysis.
Here are five highlights:
1. The company's $0.19 earnings per share for the third quarter beat the Thomson Reuters' consensus estimate by $0.11.
2. In the same time period in 2015, the company had a $0.25 earnings per share.
3. During Q3 2016, K2M earned $59.30 million, over the consensus estimate of $58.21 million.
4. K2M saw a negative net margin of 16.45 percent and a negative return on equity of 12.97 percent in Q3 2016.
5. The company's revenue for Q3 2016 saw a 7.8 percent increase on a year-over-year basis.