On Wednesday, Shares of Lowe’s Companies, Inc. (NYSE:LOW), added 1.54% and closed at $67.84 in the last trading session. The last trading range of the stock ranges between $64.87 and $68.16. In conjunction with the Lowe’s Companies, Inc. (LOW) third quarter 2016 earnings press release, you are invited to listen to its conference call to be broadcast live over the internet on Wednesday, November 16, 2016 at 9:00 a.m. Eastern Time with: Robert A. Niblock, chairman, president and chief executive officer; Rick D. Damron, chief operating officer; and Robert F. Hull, Jr., chief financial officer. Supplemental slides will be available fifteen minutes before the start of the conference call.
Globus Medical Inc (NYSE:GMED), dropped -4.61% and closed at $21.30 in the last trading session. The last trading range of the stock ranges between $19.25 and $21.55. The company’s Market capitalization is $2.02 Billion with the total Outstanding Shares of 71.77million. Globus Medical, Inc. (GMED), a leading musculoskeletal implant manufacturer, recently declared its financial results for the third quarter ended September 30, 2016.
Worldwide sales reduced 1.0% as stated to $135.7 million, or a decrease of 0.7% on a constant currency basis
Third quarter net income was $26.2 million, or 19.3% of sales
Diluted earnings per share (EPS) were $0.27
Non-GAAP diluted EPS were $0.29
Non-GAAP adjusted EBITDA (AEBITDA) remained at 37.0% of sales
Company issues new 2016 guidance for sales of $560 million
David Paul, Chairman and CEO said, “Third quarter sales were $135.7 million, a year-over-year decrease of 1%. Despite our raised spending in support of our pending robotics and trauma launches, our EBITDA margins remained stable with the prior year, at 37.0%. We also delivered non-GAAP EPS of $0.29, in line with the prior year.