Smith & Nephew Expects 3Q Underlying Revenue to Fall 4%
October 01 2020 - 2:44AM
Dow Jones News
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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