FDAnews Device Daily Bulletin

ENCORE MEDICAL 3Q PROFIT GROWS FOURFOLD

Nov. 2, 2005
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Orthopedic device maker Encore Medical recently said that its third-quarter profit grew fourfold, driven by increased sales of higher margin products. Net income grew to $5.1 million, or 10 cents per share, from $1.3 million, or 3 cents per share, a year ago. In August, the company sold off its line of bracing, splinting and patient safety products. Encore reported earnings per share from continuing operations for the most recent quarter of 5 cents per share.
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