Smith & Nephew reported decreased revenue growth in its second-quarter 2022 financial results, according to a company press release.
The company reported a second-quarter revenue of $1,293 million, a 3.1% decrease on a reported basis from $1,335 million in revenue for the second quarter of 2021. However, the company reported a 1.2% increase in underlying revenue growth for the second quarter of 2022. Reported orthopedics revenue declined 4.9% in the quarter, “reflecting execution and supply chain challenges,” according to the release.
“Orthopedics continues to be held back