We reaffirm our Neutral rating on orthotic and prosthetic (O&P) company Hanger Orthopedic (NYSE:HGR) following its mixed third quarter results. Adjusted earnings of 46 cents per share for the quarter beat the Zacks Consensus Estimate by a penny. Profit more than doubled year over year on the back of higher sales and lower relocation charges.
Revenues climbed roughly 14% year over year to $235.3 million, yet missed the Zacks Consensus Estimate. Revenues were boosted by higher sales from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards