Stock Track | Orthofix Shares Tumble After Q2 Earnings Miss Expectations

Stock Track08-08

Shares of Orthofix International NV (OFIX) plunged over 5% in intraday trading on Monday, following the company's second-quarter 2024 earnings release. While Orthofix reported revenue growth and raised its full-year guidance, the results fell short of analysts' expectations, prompting a sell-off in the stock.

During the Q2 earnings call, Orthofix reported revenue of $198.6 million, up 6% year-over-year on a constant currency basis. However, this figure missed Wall Street's consensus estimate of $202.3 million. The company's adjusted EBITDA of $16.6 million, or 8.4% of net sales, also fell short of analysts' projections.

While Orthofix raised its full-year revenue guidance to $795 million to $800 million, representing growth of 6.7% to 7.4%, and increased its adjusted EBITDA guidance to $64 million to $69 million, investors appeared to be disappointed with the company's performance and outlook.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1114282460?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-08 00:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1114282460","market":"us","top_or_hot":-1,"title":"Stock Track | Orthofix Shares Tumble After Q2 Earnings Miss Expectations","media":"Stock Track","content":"<p>Shares of Orthofix International NV (OFIX) plunged over 5% in intraday trading on Monday, following the company's second-quarter 2024 earnings release. While Orthofix reported revenue growth and raised its full-year guidance, the results fell short of analysts' expectations, prompting a sell-off in the stock.</p>\n\n<p>During the Q2 earnings call, Orthofix reported revenue of $198.6 million, up 6% year-over-year on a constant currency basis. However, this figure missed Wall Street's consensus estimate of $202.3 million. The company's adjusted EBITDA of $16.6 million, or 8.4% of net sales, also fell short of analysts' projections.</p>\n\n<p>While Orthofix raised its full-year revenue guidance to $795 million to $800 million, representing growth of 6.7% to 7.4%, and increased its adjusted EBITDA guidance to $64 million to $69 million, investors appeared to be disappointed with the company's performance and outlook.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Orthofix Shares Tumble After Q2 Earnings Miss Expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Orthofix Shares Tumble After Q2 Earnings Miss Expectations\n</h2>\n\n<h4 class=\"meta\">\n\n2024-08-08 00:38 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Orthofix International NV (OFIX) plunged over 5% in intraday trading on Monday, following the company's second-quarter 2024 earnings release. While Orthofix reported revenue growth and ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OFIX","symbol_name":"Orthofix International N.V.","start_time":0,"source_url":"","article_id":"1114282460","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1114282460","pubTimestamp":1723048709,"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Orthofix International NV  plunged over 5% in intraday trading on Monday, following the company's second-quarter 2024 earnings release. While Orthofix reported revenue growth and raised its full-year guidance, the results fell short of analysts' expectations, prompting a sell-off in the stock.During the Q2 earnings call, Orthofix reported revenue of $198.6 million, up 6% year-over-year on a constant currency basis. However, this figure missed Wall Street's consensus estimate of $202.3 ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"OFIX":"Orthofix International N.V."},"translate_title":"股票追踪Orthofix股价在第二季度盈利未达预期后暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OFIX":1},"content_text":"Shares of Orthofix International NV (OFIX) plunged over 5% in intraday trading on Monday, following the company's second-quarter 2024 earnings release. While Orthofix reported revenue growth and raised its full-year guidance, the results fell short of analysts' expectations, prompting a sell-off in the stock.\nDuring the Q2 earnings call, Orthofix reported revenue of $198.6 million, up 6% year-over-year on a constant currency basis. However, this figure missed Wall Street's consensus estimate of $202.3 million. The company's adjusted EBITDA of $16.6 million, or 8.4% of net sales, also fell short of analysts' projections.\nWhile Orthofix raised its full-year revenue guidance to $795 million to $800 million, representing growth of 6.7% to 7.4%, and increased its adjusted EBITDA guidance to $64 million to $69 million, investors appeared to be disappointed with the company's performance and outlook.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.0","shortVersion":"4.29.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1114282460"}