Wright Medical Group Inc. reported on Thursday its revenue in the first quarter was of $115.9 million which compared to $94.3 the same period last year, represents an augment of 23 percent.
The orthopedic medical device company reported first quarter income rose 27 percent by $4.1 million or 11 cents a share, compared with $3.2 million or 9 cents a share in 2007.
The profit was triggered by a good performance of the domestic business which grew 20 percent in the quarter, and the international business which advanced 27 percent, the firm said.
Excluding items Wright Medical earned 23 cents a share surpassing analysts who forecasted earnings of 12 cents a share.
Projecting its sales for the full year the medical group said it expects from $455 million to $465 million. Previously the firm forecasted sales from $430 to $440 million.
Shares of Wright Medical closed in Nasdaq 17 cents lower to $24.74 per share on Thursday. However in after-hours trading shares climbed 0.80 percent to $24.94.