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Cardiovascular Systems: Fiscal 1Q Earnings Snapshot

ST. PAUL, Minn. (AP) _ Cardiovascular Systems Inc. (CSII) on Tuesday reported a loss of $2.9 million in its fiscal first quarter.

On a per-share basis, the St. Paul, Minnesota-based company said it had a loss of 9 cents.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The medical device developer posted revenue of $56.3 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $56 million.

Cardiovascular Systems expects full-year revenue in the range of $240 million to $250 million.

Cardiovascular Systems shares have climbed 46 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $34.59, an increase of 40 percent 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