Orthofix International NV Lowers FY 2012 Guidance

Orthofix International NV announced that for fiscal 2012, it expects net sales from continuing operations to be between $472 million to $475 million, up 1% on a reported basis, or 3% on a constant currency basis. The Company expects GAAP earnings per share from continuing operations to be approximately $2.84 to $2.89 per diluted share, and adjusted earnings from continuing operations to be approximately $3.03 to $3.08 per diluted share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $483 million and EPS of $3.05 for fiscal 2012.