CONMED Misses Revenue Estimates (CNMD)

Utica, New York-based CONMED Corporation CNMD on Thursday morning released financial results that met Wall Street earnings expectations, while missing revenue estimates. CONMED Corporation reported that its 4th quarter net income rose to $7.0 million, or 24 cents per share, up from $5.0 million, or 17 cents per share, a year earlier. Excluding special items, the company earned 36 cents per share. CONMED Corporation reported revenue of $184.08 million, down from $190.63 million a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 36 cents per share, on revenue of $189.04 million. CONMED Corporation (CNMD) ended the previous trading session at $26.01 per share. Analysts covering the company's stock have a consensus price target of $30.75 per share. CONMED Corporation is a medical technology company with an emphasis on surgical devices and equipment for minimally invasive procedures and patient monitoring. Read more from Benzinga's Company news.