Levi & Korsinsky notifies investors that it has commenced an investigation into Globus Medical, Inc. (NYSE: GMED) concerning potential violations of the federal securities laws.
Globus issued a press release reporting its financial results for the first quarter of 2025 On May 8, 2025. Among other items, Globus reported non-GAAP earnings per share of $0.68, missing consensus estimates by $0.06, and revenue of $598.12 million, missing consensus estimates by $27.78 million and representing a 1.4% year-over-year decline. Globus’s President and Chief Executive Officer said that the Company’s “first quarter results were impacted by softer Enabling Technology deal closures, temporary integration related supply chain disruption, and timing of international distributor orders[.]” Following this news, Globus’s stock price fell over 22% on May 9, 2025.
If you suffered a loss on your Globus Medical, Inc. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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