Smith Nephew
Smith Nephew how to find cheap n best flat on rent in Mumbai! without taking broker help? Dear All, I'm looking renting property for myself (with family) and originally I from Gwalior (MP). I'm w...
Smith Nephew
 how to find cheap n best flat on rent in Mumbai! without taking broker help? Dear All, I'm looking renting property for myself (with family) and originally I from Gwalior (MP). I'm working for Smith & Nephew and my office is at Andheri-kurla road (E). I'm new for this and struggling to settle down here. I would appreciate if you please let me know good & decent property, or refer someone to me for just help me. I can be contacted at +91 9920314628 for your convenience. Regards, best way to check the news paper and there are lots of ppl advertise and there is a full page for flats to be given on rent . check that and phone them -- get address - visit place and fix it |
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Conmed Beats Zacks EstimateConmed Corp. (CNMD) reported first quarter fiscal 2010 earnings per share of 28 cents, topping the Zacks Consensus Estimate of 26 cents and the year-ago earnings of 19 cents. Sales Total revenues in the first quarter jumped 7.5% year over year to $176.4 million. Excluding a favorable foreign currency translation, net sales increased 2.7% year over year. Growth was witnessed across all major business segments. Arthroscopy sales swelled 13.0% year over year to $72.2 million. Powered Surgical Instruments sales rose 6.7% year over year to $35.0 million. Electrosurgery sales increased 3.1% year over year to $23.1 million. Single-use and reposable revenues soared 8.9% year over year to $138.3 million. Capital equipment sales moved up 2.7% year over year to $38.1 million. Margins Conmed registered an expansion of margins in the first quarter. Gross margin jumped 550 basis points (bps) year over year to 52.0%. Selling and administrative expenses as a percentage of sales increased 230 bps year over year to 40.0%. Research and development expenses as a percentage of sales declined 80 bps year over year to 4.4%. Higher gross margin was mainly responsible for a higher operating margin that increased 320 bps year over year to 7.7%. Balance Sheet Conmed ended the first quarter with cash and cash equivalents of roughly $10.0 million, registering a sequential decrease of 1.3%. The company had an outstanding debt of approximately $209.1 million at the end of the first quarter. Guidance Conmed has maintained its revenues and adjusted earnings per share guidance for fiscal 2010. For the year, the company expects total revenue in the range of $715 million to $725 million. Adjusted earnings per share should be in the range of $1.20 to $1.30. Conmed has also provided guidance for the next quarter. For the second quarter, total revenue should range between $175 million and $180 million. Adjusted earnings per share is expected to range between 25 and 30 cents. Conmed is a key medical products manufacturer specializing in surgical instruments and devices. Its main competitors include Stryker Corporation (SYK) and Smith & Nephew (SNN). Currently, we are ‘Neutral' on Conmed. About the Author |
US $45.00
