Smith & Nephew (SNN) reported fiscal Q1 revenue Wednesday of $1.50 billion, up from $1.41 billion a year earlier.
Four analysts surveyed by FactSet expected $1.50 billion.
Smith & Nephew said its full-year outlook is unchanged, with the company on track to deliver underlying revenue growth of about 6%.
Smith & Nephew also announced a share buyback of $500 million, to be completed within the next 12 months.
The company's shares were down 1.6% in premarket activity.
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