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CONMED ANNOUNCES EARNINGS ESTIMATE

 CONMED ANNOUNCES EARNINGS ESTIMATE
 UTICA, N.Y., Oct. 8 /PRNewswire/ -- CONMED Corporation


(NASDAQ: CNMD) today announced that it expected that earnings for the third quarter of 1992 ended on Sept. 25, 1992 would be lower than analysts' estimates. The company estimates that earnings per share for the third quarter of 1992 will be approximately $.16 per share compared to $.26 per share in the third quarter of 1991 and $.29 per share in the 1992 second quarter.
 Due to these reduced earnings estimates, and estimates for the fourth quarter, the company currently expects that earnings for the 1992 fiscal year ending Dec. 25, 1992 will be in the range of $.93 to $1.00 per share. The company earned $1.04 per share in 1991.
 Eugene Corasanti, chairman of the board and president said, "We are disappointed by these reduced earnings estimates which were caused by sales not meeting our expectations in the third quarter. Specifically, sales grew approximately 4 percent from the comparable period in 1991 compared to a sales growth of 14 percent in the second quarter of 1992. This decline in sales growth was the result of lower foreign sales and electrosurgical generator sales being less than anticipated.
 "This reduced sales growth coupled with increased research and development and marketing expenses for new laparoscopic surgery products have caused our bottom line to be affected. We have expanded our research, marketing and selling efforts due to our belief that future sales of our new laparoscopic products will benefit the company. I might add that the slow down at the Food and Drug Administration (FDA) for new product marketing approval has meant that we currently do not expect 1992 revenue from our Electronic Trocar System or our Modular Design System."
 CONMED is a manufacturer of electrosurgery and other medical products used primarily in hospital operating rooms and other critical care areas. The company distributes its products worldwide from manufacturing and warehousing facilities in Utica, N.Y. and Denver.
 -0- 10/8/92
 /CONTACT: Robert D. Shallish of CONMED Corporation, 315-797-8375/ CO: CONMED Corporation ST: New York IN: MTC SU:


BM -- CL011 -- 8110 10/08/92 17:37 EDT
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Publication:PR Newswire
Date:Oct 8, 1992
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