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Cardiovascular Systems: Fiscal 2Q Earnings Snapshot

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ST. PAUL, Minn. (AP) _ Cardiovascular Systems Inc. (CSII) on Wednesday reported a loss of $56,000 in its fiscal second quarter.

On a per-share basis, the St. Paul, Minnesota-based company said it had a loss of less than 1 cent.

The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The medical device developer posted revenue of $64.2 million in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $65.3 million.

For the current quarter ending in April, Cardiovascular Systems said it expects revenue in the range of $60 million to $65 million.

Cardiovascular Systems shares have dropped nearly 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $43.07, a decrease of 3.5% 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 CSII at https://www.zacks.com/ap/CSII