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Tornier NV Issues Q4 2013 Guidance Below Analysts' Estimates; Lowers FY 2013 Guidance


Tuesday, 5 Nov 2013 04:01pm EST 

Tornier NV announced that for the fourth quarter of 2013, it projects constant currency revenue to be in the range of $73-$77 million, based on recent currency exchange rates, reported revenue is projected to be in the range of $74.4-$78.3 million and projects adjusted EBITDA to be in the range of $4.0 to $6.0 million, or 5.4% to 7.7% of reported revenue. Based on the year-to-date performance and current business trends, the Company is updating its previous revenue guidance. For fiscal 2013, the Company now expects constant currency revenue is now expected to be in the range of $299.2 to $303.2 million, reported revenue is projected to be in the range of $301.9 to $305.9 million and projects adjusted EBITDA in the range of $25.3 to $27.3 million, or 8.4% to 8.9% of reported revenue. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $86 million and EBITDA of $11.4 million for the fourth quarter of 2013 and revenue of $318 million and EBITDA of $28.7 million for fiscal 2013. 

Company Quote

25.87
-0.33 -1.26%
22 May 2015