AtriCure: Q4 Earnings Snapshot

Associated Press Finance
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MASON, Ohio (AP) — MASON, Ohio (AP) — AtriCure Inc. (ATRC) on Tuesday reported a loss of $4.2 million in its fourth quarter.

The Mason, Ohio-based company said it had a loss of 9 cents per share.

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

The medical device maker posted revenue of $88 million in the period, which met Street forecasts.

For the year, the company reported a loss of $46.5 million, or $1.02 per share, swinging to a loss in the period. Revenue was reported as $330.4 million.

AtriCure expects full-year earnings in the range of $1.14 to $1.19 per share, with revenue in the range of $380 million to $387 million.

AtriCure shares have fallen 11% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $39.52, a decrease of 36% 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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