Cardiovascular Systems: Fiscal Q3 Earnings Snapshot
ST. PAUL, Minn. (AP) _ Cardiovascular Systems Inc. (CSII) on Wednesday reported a loss of $9.7 million in its fiscal third quarter.
On a per-share basis, the St. Paul, Minnesota-based company said it had a loss of 25 cents.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.
The medical device developer posted revenue of $56.2 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $57.4 million.
Cardiovascular Systems expects full-year revenue in the range of $235 million to $240 million.