ENOV - Enovis stock slips after mixed Q4 results disappointing FY 2023 earnings guidance

• Shares of Enovis ( NYSE: ENOV ) on Thursday fell as much as 11.9% to $54.27 after the company reported mixed Q4 results and provided disappointing FY 2023 adj. earnings guidance.
• ENOV earlier in the day posted Q4 adj. EPS of $0.72 which beat estimates by $0.06 . Revenue grew 2.4% Y/Y to $408.7M which missed expectations by $7.09M .
• The company's quarterly adj. earnings fell from a year ago.
• ENOV said it expects 2023 revenue to organically grow 5-6% from the prior year. The consensus revenue estimate is for Y/Y growth of 5.92%.
• Furthermore, the company sees FY 2023 adj. EPS of $2.15 to $2.30, much lower than the consensus estimate of $2.43.
• ENOV shares were down 5.4% to $58.25 as of 1458 ET.

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