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Stock Market & Financial Investment News

News Breaks
May 12, 2014
08:55 EDTOFIX, OFIX, OFIX, OFIX, OFIXOrthofix management to meet with JMP Securities
Meetings to be held in New York on May 12, in New York/Boston on May 13 and in Boston on May 14 hosted by JMP Securities.
News For OFIX From The Last 14 Days
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August 19, 2014
16:23 EDTOFIXOrthofix to request NASDAQ hearings panel to stay NASDAQ delisting
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16:22 EDTOFIXOrthofix plans to restate prior periods’ financial statements
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August 6, 2014
08:59 EDTOFIXOrthofix reports preliminary Q2 revenue $101.3M, consensus $99.20M
Orthofix International announced that it is delaying the release of its financial results for Q2. The company requires additional time to evaluate certain items primarily related to entries contained in the previous restatement of its prior periods’ financial results. The company said, "While it is unfortunate we have discovered items that require additional analysis in certain previous restatement entries, considering the complexity of our prior restatement, the identification of potential technical errors is understandable. We look forward to finalizing the analysis as quickly as possible and bringing the investment community up to date on the recent performance of the business. There may be changes to historical net sales and net income totals, but we expect that the factors causing these revisions, if any, will have little or no effect on the underlying performance of the business going forward.” Reports preliminary Q2 BioStim net sales $39.8M. Reports preliminary Q2 Biologics net sales $13.9M. Reports Q2 preliminary Extremity Fixation net sales $27.3M. Reports preliminary Q2 Spine Fixation net sales $20.2M.

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