AUDUBON, Pa. (AP) _ Globus Medical Inc. (GMED) on Wednesday reported second-quarter net income of $41.5 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Audubon, Pennsylvania-based company said it had profit of 40 cents. Earnings, adjusted for costs related to mergers and acquisitions and amortization costs, were 56 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The medical device company posted revenue of $251 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $227 million.

Globus Medical expects full-year earnings in the range of $1.89 to $2 per share, with revenue expected to be $950 million.

Globus Medical shares have risen 23% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $80.40, a climb of 65% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GMED at https://www.zacks.com/ap/GMED

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