CONMED (CNMD) Misses on Q4 Earnings, Beats Revenue Estimates

CONMED Corporation (CNMD) delivered adjusted earnings per share (EPS) of $1.06 in fourth-quarter 2023, which missed the Zacks Consensus Estimate of$1.11 by 4.5%. However, the bottom line improved 152.4% from the year-ago quarter’s level.GAAP EPS for the quarter was $1.05 compared with 86 cents per share in the year-ago period.The company’s shares have lost 28.0% in the past six months compared with the industry’s fall of 2.2%. The broader S&P 500 Index has gained 7% in the same time frame.Image Source: Zac ...