, a maker of rehabilitation devices like knee braces, said its third-quarter revenue should be at least at the upper end of its previous guidance.
The company, formerly known as DJ Orthopedics, has forecast revenue for the quarter of $106 million to $108 million. DJO also said it expects its operating margins and earnings for the third quarter to improve from the second quarter, consistent with its prior estimates.
Shares of DJO were rising $4.50, or 11.8%, to $42.75 following the news Monday.
On average, analysts are calling for a profit of 28 cents a share and sales of $107.1 million for the quarter.