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Here's Why NuVasive, Inc. Popped Today

TheMotleyFool

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Shares of NuVasive, Inc. (NASDAQ: NUVA), a spinal-surgery device manufacturer, popped as high as 9.8% Wednesday morning before settling back down to an 8.1% gain as of 3:07 p.m. A mixed third-quarter earnings report is fueling hope that the company will shift its recently sluggish growth rate back into high gear.

NuVasive served up a cold dish of 3% total sales growth in the third quarter, but management claims adjusting for storm disruptions would raise that figure to 6%. Although U.S. sales fell 3.5% to $201 million, the company reported an impressive 48.1% surge in sales from its international segment.

Image source: Getty Images.

Source: Fool.com