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.