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AtriCure: 2Q Earnings Snapshot

MASON, Ohio (AP) _ AtriCure Inc. (ATRC) on Tuesday reported a loss of $4.1 million in its second quarter.

The Mason, Ohio-based company said it had a loss of 11 cents per share. Losses, adjusted for non-recurring gains, came to 17 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.

The medical device maker posted revenue of $58.9 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $57.6 million.

AtriCure expects full-year revenue in the range of $224 million to $228 million.

AtriCure shares have climbed 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $32.20, a climb of 17% in the last 12 months.


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