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Tornier NV Issues Q3 2013 Guidance In Line With Analysts' Estimates; Narrows FY 2013 Revenue Guidance To A Range In Line With Analysts' Estimates; Lowers High End Of Prior FY 2013 EBITDA Guidance


Tuesday, 6 Aug 2013 04:00pm EDT 

Tornier NV announced that for the third quarter of 2013, it expects constant currency revenue to be in the range of $67-$71 million, based on recent currency exchange rates, third quarter 2013 reported revenue is projected to be in the range of $68.2-$72.3 million. The Company expects, adjusted EBITDA, as described in the GAAP to non-GAAP reconciliation provided later in this release, for the third quarter of 2013 to be in the range of $4.5-$6.5 million, or 6.6% to 9.0% of reported revenue. For fiscal 2013, the Company is refining previous revenue guidance to narrow the range, the constant currency revenue is expected to be in the range of $312-$320 million, based on recent currency exchange rates, fiscal 2013 reported revenue is projected to be in the range of $314.1-$322.1 million and adjusted EBITDA in the range of $33.0-$37.0 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $71 million, EBITDA of $5.1 million for the third quarter of 2013 and revenue of $316.7 million for fiscal 2013. 

Company Quote

26.19
0.33 +1.28%
21 Nov 2014