CONMED Q4 Profit Beats Estimates - Quick Facts

(RTTNews) - CONMED Corporation (CNMD) reported that its fourth-quarter net income declined to $10.23 million or $0.36 per share, from $10.90 million or $0.38 per share, last year. Adjusted net income was $14.90 million or $0.53 per share, for the quarter.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.49 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $203.44 million, compared to $201.24 million, a year ago. Analysts expected revenue of $197.24 million for the quarter.

For the first quarter, CONMED expects: sales in the range of $191 million to $196 million; and adjusted earnings per share between $0.45 and $0.49. Analysts expect the company to report first-quarter profit per share of $0.45 on revenue of $189.19 million.

For the full year 2014 CONMED expects to achieve: sales in the range of $770 million to $780 million; adjusted earnings per share between $1.90 and $2.00. Analysts expect the company to report full year 2014 profit per share of $1.93 on revenue of $772.56 million.