Wright Medical down 18% premarket on guidance cut

Wright Medical Group (WMGI) Q2 results: Revenues: $229.7M (+11.8%).

Net Loss: ($18.9M) (+79.1%); Loss Per Share: ($0.15) (+82.4%); Non-GAAP Net Income: $2.2M (+161.1%); Non-GAAP EPS: $0.02 (+166.7%).

2019 guidance: Sales: $925M – 930M from $954M – 966M; non-GAAP EBITDA: $157M – 163M from $160M – 170M; non-GAAP EPS: $0.15 – 0.20 from $0.17 – 0.25.

Shares are down 18% premarket.

Previously: Wright Medical EPS beats by $0.01, misses on revenue (Aug. 7)

https://seekingalpha.com/news/3489472-wright-medical-18-percent-premarket-guidance-cut