LDR Holding Corp (LDRH) Announces Quarterly Earnings, Beats Expectations By $0.05 EPS
LDR Holding Corp (NASDAQ:LDRH) announced its earnings results on Wednesday. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.05, AnalystRatings.Net reports. The company had revenue of $34.80 million for the quarter, compared to the consensus estimate of $31.14 million. The company’s revenue for the quarter was up 30.8% on a year-over-year basis.
On a related note, analysts at RBC Capital initiated coverage on shares of LDR Holding Corp in a research note on Monday, June 23rd. They set an “outperform” rating and a $34.00 price target on the stock. Four research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of $33.75.
Shares of LDR Holding Corp (NASDAQ:LDRH) traded up 3.76% during mid-day trading on Wednesday, hitting $23.44. 294,005 shares of the company’s stock traded hands. LDR Holding Corp has a one year low of $17.79 and a one year high of $40.39. The stock has a 50-day moving average of $23.8 and a 200-day moving average of $26.70. The company’s market cap is $597.0 million.
LDR Holding Corporation is a global medical device company focused on designing and commercializing novel and surgical technologies for the treatment of patients suffering from spine disorders.
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