NuVasive, Inc. Reveals 31% Gain In Q2 Profit

(RTTNews) - NuVasive, Inc. (NUVA) reported earnings for its second quarter that increased compared to the same period last year.

The company said its bottom line advanced to $20.62 million, or $0.40 per share. This was up from $15.7 million, or $0.31 per share, in last year's second quarter.

Analysts had expected the company to earn $0.36 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 16.4% to $236.21 million. This was up from $202.91 million last year.

NuVasive, Inc. earnings at a glance:

-Earnings (Q2): $20.62 Mln. vs. $15.7 Mln. last year. -Earnings Growth (Y-o-Y): 31.3% -EPS (Q2): $0.40 vs. $0.31 last year. -EPS Growth (Y-o-Y): 29.0% -Analysts Estimate: $0.36 -Revenue (Q2): $236.21 Mln vs. $202.91 Mln last year. -Revenue Change (Y-o-Y): 16.4%

-Guidance: Full year EPS guidance: $1.64 Full year revenue guidance: $962.0 Mln