QPRESS
Orthofix slumps on top-line misses, CEO Mason to retire
Orthofix (NSDQ:OFIX) missed the consensus for its fourth-quarter and 2018 sales, sending its share price down by double digits today in mid-afternoon trading despite a huge bottom-line gain. Lewisville, Texas-based Orthofix reported profits were up 465.8% to $8.9 million, or 46¢ per share, on sales growth of 3.6% to $121.1 million compared with Q4 2017.
Name: Brad Mason
Continent: North America
Country: USA
Company: Orthofix
Position: CEO & President
Reason: Retired
Announcement Date: February 25, 2019, 11:00pm
Resignation Date: February 25, 2019, 11:00pm
Source 1: https://www.massdevice.com/orthofix-slumps-on-top-line-misses/