7th May 2019 14:34
LONDON (Alliance News) - Smith & Nephew PLC on Tuesday said Phil Cowdy, executive vice president of business development & corporate affairs, sold 4,696 shares at GBP15.845 each.
The GBP74,408 deal took place on Tuesday and Cowdy's resultant holding in the medical device maker has not been disclosed.
On Thursday last week, Smith & Nephew updated its guidance as underlying revenue growth was ahead for all three of its franchises in the first quarter of 2019, up 4.4% year-on-year. Smith & Nephew expects its reported revenue growth rate to be in the 2.9% to 3.9% range, including an expected loss of 40 basis points from foreign exchange and acquisitions.
However, the company suffered a 3.9% foreign exchange headwind in the quarter which resulted in flat reported revenue of USD1.20 billion overall.
Shares in Smith & Nephew were up 1.4% at 1,590.50 pence on Tuesday.
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