Orthofix International declines as CFO resigns
Shares of Orthofix International N.V. (Nasdaq:OFIX) are broken, down more than 20%, on before the start of trading that CFO Timothy Adams has resigned. Separately, the Huntersville, N.C.-based company also reaffirmed its revenue guidance of between $120 million and $124 million for the first quarter of 2008. Seven analysts polled by Thomson Financial were projecting revenues of $124.65 million.
At 3:31 p.m. ET, the stock had dropped $9.59, or 24%, to $30.31. For detailed price information and recent news stories about Orthofix International, click OFIX.
