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Wednesday, October 30, 2019

NuVasive up 5% after hours on Q3 beat

NuVasive (NASDAQ:NUVAQ3 results:
Revenue: $290.8M (+7.2%); product revenue: $260.2M (+7.5%).
Net income: $11.0M (-30.8%); non-GAAP net income: $30.9M (+4.7%); EPS: $0.21 (-30.0%); non-GAAP EPS: $0.59 (+5.4%).
Cash flow ops (9 mo.): $160.6M (+6.7%).
2019 guidance: Revenue: ~$1.16B from $1.14B – 1.16B; EPS: $0.95 – 1.00 from $0.93 – 1.03; non-GAAP EPS: $2.35 – 2.40 from $2.25 – 2.35.
Shares up 5% after hours.

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