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Smith & Nephew (LON:SN..L) report: Q3 results ahead of consensus

Contributed by Daniel Stewart & Company

By Daniel Stewart & Co

- Smith & Nephew, announced results for the third quarter ended 2 October 2010.

- Revenue at $941m beat consensus estimates of $927m.

- Adjusted EPS at 16.1 cents, beat average forecasts of 15.5 cents.

- The company reported net profits of $137m for the period.

- Management indicated that the group’s orthopaedics business delivered a particularly good performance in markets which continue to be impacted by a challenging economic environment.

- Also the group’s sports medicine repair revenues grew by double digits and its Negative Pressure Wound Therapy franchise continued to strengthen.