Integra LifeSciences slip on lower-than-expected Q2 forecasts

Integra LifeSciences Holdings

26/04/2023 16:29

** Shares of medical technology co Integra LifeSciences
 IART.O  down 8.80% at $53.66 - set for biggest one-day pct.
loss since March 2020
    ** Co expects Q2 adj. profit in range $0.75 to $0.79 per
share, below analysts' estimates of $0.85- IBES Refinitiv
    ** Co also expects Q2 rev. below analysts' estimates 
    ** However, IART's FY results forecast is in-line with
estimates
    ** Co's shares had fallen 4.57% YTD

 (Reporting by Vedant Vinayak Vichare in Bengaluru)
 ((vedant.vinayakvichare@thomsonreuters.com))