ST. PAUL, Minn. (AP) _ Cardiovascular Systems Inc. (CSII) on Wednesday reported a loss of $3.4 million in its fiscal second quarter.
On a per-share basis, the St. Paul, Minnesota-based company said it had a loss of 10 cents.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The medical device developer posted revenue of $68.3 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $67.9 million.
Cardiovascular Systems expects full-year revenue in the range of $280 million to $283 million.
Cardiovascular Systems shares have dropped almost 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $44.87, a rise of 38% in the last 12 months.