Anika: Q1 Earnings Snapshot

Associated Press Finance
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BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — Anika Therapeutics Inc. (ANIK) on Tuesday reported a loss of $10.4 million in its first quarter.

On a per-share basis, the Bedford, Massachusetts-based company said it had a loss of 71 cents.

The medical technology company posted revenue of $37.9 million in the period.

Anika expects full-year revenue in the range of $158 million to $163 million.

Anika shares have decreased 15% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $25.29, an increase of 24% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANIK at https://www.zacks.com/ap/ANIK

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