Integra LifeSciences Shares Rally After Earnings Beat, CEO Hiring

Dow Jones

2024/11/05

By Colin Kellaher

Integra LifeSciences shares surged after the medical-technology company posted a strong quarterly earnings report and named its next top executive.

Shares of the Princeton, N.J., company recently changed hands Monday at $24.04, up nearly 25%.

Integra reported third-quarter adjusted earnings of 41 cents a share on revenue of $380.8 million, topping the 39 cents and $375.8 million that analysts polled by FactSet, on average, were expecting.

The company also said it has hired Mojdeh Poul, who most recently led 3M's $8.5 billion global healthcare business, to take over as president and chief executive early next year when current CEO Jan De Witte retires.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

November 04, 2024 11:39 ET (16:39 GMT)

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