MAKO Surgical Earnings: Here’s Why Investors are Selling Shares Now
MAKO Surgical Corp. (NASDAQ:MAKO) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.06%.
MAKO Surgical Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.21 in the quarter versus EPS of $-0.28 in the year-earlier quarter.
Revenue: Rose 26.32% to $24.81 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: MAKO Surgical Corp. reported adjusted EPS loss of $0.21 per share. By that measure, the company missed the mean analyst estimate of $-0.19. It missed the average revenue estimate of $24.82 million.
Quoting Management: “The first quarter is typically a slower quarter for MAKO, and our first quarter results were in line with our expectations,” said Maurice R. Ferre, M.D., President and Chief Executive Officer of MAKO. “The initial results of our programs designed to drive utilization and system sales are encouraging, and I remain confident in our outlook for 2013.”
Key Stats (on next page)…