• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • Subscribe

MassDevice

The Medical Device Business Journal — Medical Device News & Articles | MassDevice

  • Latest News
  • Technologies
    • Artificial Intelligence (AI)
    • Cardiovascular
    • Orthopedics
    • Neurological
    • Diabetes
    • Surgical Robotics
  • Business & Finance
    • Wall Street Beat
    • Earnings Reports
    • Funding Roundup
    • Mergers & Acquisitions
    • Initial Public Offering (IPO)
    • Legal News
    • Personnel Moves
    • Medtech 100 Stock Index
  • Regulatory & Compliance
    • Food & Drug Administration (FDA)
    • Recalls
    • 510(k)
    • Pre-Market Approval (PMA)
    • MDSAP
    • Clinical Trials
  • Special Content
    • Special Reports
    • In-Depth Coverage
    • DeviceTalks
  • Podcasts
    • MassDevice Fast Five
    • DeviceTalks Weekly
    • OEM Talks
      • AbbottTalks
      • Boston ScientificTalks
      • DeviceTalks AI
      • IntuitiveTalks
      • MedtechWOMEN Talks
      • MedtronicTalks
      • Neuro Innovation Talks
      • Ortho Innovation Talks
      • Structural Heart Talks
      • StrykerTalks
  • Resources
    • About MassDevice
    • DeviceTalks
    • Newsletter Signup
    • Leadership in Medtech
    • Manufacturers & Suppliers Search
    • MedTech100 Index
    • Videos
    • Webinars
    • Whitepapers
    • Voices
Home » Smith & Nephew gains on Q2 results, raised sales outlook

Smith & Nephew gains on Q2 results, raised sales outlook

July 31, 2019 By Brad Perriello

Smith & Nephew updated logoShares in Smith & Nephew (NYSE:SNN) gained today in London and New York after the medical device giant posted strong first-half results and raised its revenue outlook for the rest of the year.

London-based Smith & Nephew posted profits of $309 million, or 35.2¢ per share, on sales of $2.49 billion for the six months ended June 29, for a bottom-line gain of 12.8% on sales growth of 1.8% compared with the first half of 2018.

Second-quarter sales grew 3.1% to $1.28 billion. Adjusted to exclude one-time items, earnings per share were 45.8¢.

“The positive momentum across the business globally in the first half of 2019 has led us to upgrade our full-year revenue growth guidance,” CEO Namal Nawana said in prepared remarks. “Organic revenue growth has been solid across all three franchises, with strong performance in emerging markets and global sports medicine. At the same time, we expanded our margin. We are delivering on our commitments to accelerate revenue growth, improve profitability and importantly make investments that support the long-term success of Smith & Nephew.”

Smith & Nephew said it now expects to report underlying sales growth of 3.0% to 4.0%, up from 2.5% to 3.5% previously.

SNN shares, which closed down -1.0% yesterday at $44.89 in New York City, were up 2.7% to $46.12 each today in pre-market trading. In London the stock was flat at £18.62 per share in mid-day trading.

Filed Under: Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Smith & Nephew

More recent news

  • Breaking: Sequel to launch twiist automated insulin delivery system next month
  • Dexcom shares U.S. report on CGM benefits for type 2 diabetes
  • Data backs Medtronic MiniMed 780G for type 2, children as company seeks expanded indications
  • Endogenex data supports type 2 diabetes procedure
  • Ambu wins FDA clearance for first single-use cysto-nephroscope

Primary Sidebar

“md
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest med device regulatory, business and technology news.

DeviceTalks Weekly

See More >

MEDTECH 100 Stock INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
MDO ad

Footer

MASSDEVICE MEDICAL NETWORK

DeviceTalks
Drug Delivery Business News
Medical Design & Outsourcing
Medical Tubing + Extrusion
Drug Discovery & Development
Pharmaceutical Processing World
MedTech 100 Index
R&D World
Medical Design Sourcing

DeviceTalks Webinars, Podcasts, & Discussions

Attend our Monthly Webinars
Listen to our Weekly Podcasts
Join our DeviceTalks Tuesdays Discussion

MASSDEVICE

Subscribe to MassDevice E-Newsletter
Advertise with us
About
Contact us

Copyright © 2025 · WTWH Media LLC and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media.

Privacy Policy