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Why Globus Medical Missed Q1 Estimates

TheMotleyFool

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Why Globus Medical Missed Q1 EstimatesPhoto, wide shot, wide-angle lens, Clinical research organization, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/0e9d087d-988e-4397-b7cf-6049e2776769.png

Yes, it's been a rough year for Globus Medical (NYSE: GMED). The medical-device stock is down nearly 20% year to date, a steeper decline than the major market indexes.

But quarterly earnings releases give companies an opportunity to change the narrative. Globus announced its first-quarter results after the market closed on Thursday. This time, though, investors' perceptions probably weren't changed. Here are the highlights from the company's Q1 update.

Image source: Getty Images.

Source Fool.com

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