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Cardiovascular Systems: Fiscal 1Q Earnings Snapshot

ST. PAUL, Minn. (AP) _ Cardiovascular Systems Inc. (CSII) on Tuesday reported a loss of $5.8 million in its fiscal first quarter.

On a per-share basis, the St. Paul, Minnesota-based company said it had a loss of 17 cents.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

The medical device developer posted revenue of $64.5 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $64 million.

Cardiovascular Systems expects full-year revenue in the range of $278 million to $283 million.

Cardiovascular Systems shares have increased 83% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $52.20, a climb of 52% 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 CSII at https://www.zacks.com/ap/CSII