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SNN Smith and Nephew Plc New

24.44
0.30 (1.24%)
03 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Smith and Nephew Plc New NYSE:SNN NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.30 1.24% 24.44 24.69 24.41 24.62 1,303,368 01:00:00

Smith & Nephew Expects 3Q Underlying Revenue to Fall 4%

01/10/2020 7:44am

Dow Jones News


Smith and Nephew (NYSE:SNN)
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By Anthony O. Goriainoff

 

Smith & Nephew PLC said Thursday that it expects underlying revenue in the third quarter to fall around 4%.

The global medical-technology company said that its three franchises showed a significant recovery during the period following a 29% fall in underlying revenue--a metric that strips out exceptional and other one-off items--during the second quarter.

"Monthly group growth rates were broadly stable through the quarter, with some seasonality and monthly variation across both franchises and regions, reflecting the continuing impact of Covid-19," the company said.

 

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

 

(END) Dow Jones Newswires

October 01, 2020 02:29 ET (06:29 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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