Shares in Integer Holdings (NYSE:ITGR) dropped today after the medical device maker released 4th quarter and full year 2016 earnings that beat earnings per share expectations but missed on revenue.
The Frisco, Texas-based company—a major U.S. medical device contract manufacturer—posted profits of $7.9 million, or 25¢ per share, on sales of $359.6 million for the 3 months ended December 30, for a huge 131.9% swing from the red on the bottom-line while sales grew 13.2% compared with the same period last year.