NUVA - NuVasive reports Q3 mixed earnings; updates FY22 guidance
- NuVasive press release ( NASDAQ: NUVA ): Q3 Non-GAAP EPS of $0.54 in-line.
- Revenue of $295.3M (+9.0% Y/Y) misses by $3.46M .
- Non-GAAP gross margin was 72.6%, compared to 72.7% in the prior year period.
- Cash and cash equivalents were $237.5 million as of September 30, 2022.
- Full-year 2022 Financial Guidance : Net sales growth of 5.5%-6.5% vs. estimated growth of 7.18% Y/Y; Net sales growth (constant currency) of 8.7%-9.7%; Operating margin of 12.3%-13.0%; Non-GAAP Operating margin of 12.3%-13.0%; Diluted earnings per share of $0.50-$0.60 and Non-GAAP Diluted earnings per share of $2.00-$2.10 vs. consensus of $2.24.
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NuVasive reports Q3 mixed earnings; updates FY22 guidance