AtriCure: Q3 Earnings Snapshot

Associated Press Finance
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MASON, Ohio (AP) — MASON, Ohio (AP) — AtriCure Inc. (ATRC) on Wednesday reported a loss of $9.1 million in its third quarter.

The Mason, Ohio-based company said it had a loss of 20 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.

The medical device maker posted revenue of $98.3 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $96.8 million.

AtriCure expects full-year earnings in the range of 74 cents to 76 cents per share, with revenue in the range of $394 million to $396 million.

AtriCure shares have dropped 21% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $35.01, a fall of 18% 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 ATRC at https://www.zacks.com/ap/ATRC

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