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December 21, 2005
Biomet's Earnings
From Reuters:
Biomet Inc. (BMET) on Wednesday said its quarterly earnings rose on sales growth for its orthopedic reconstructive and dental reconstructive implants.
The Warsaw, Indiana-based maker of orthopedic devices said its earnings rose to $101.3 million, or 41 cents per share, in its fiscal second quarter ended Nov. 30. In the year-ago period, the company earned $91.2 million, or 36 cents per share.
The consensus estimate on Wall Street was for a profit of 43 cents per share, according to Reuters Estimates.
Biomet said sales in the quarter rose 8 percent to $494.7 million.
It said it expects third-quarter earnings per share will rise to a range of 43 cents to 44 cents a share, slightly below analyst estimates of 46 cents a share. It expects sales in the quarter to be between $510 million to $520 million.
Posted by edelfenbein at December 21, 2005 5:23 AM
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