ST. PAUL, Minn. (AP) _ Cardiovascular Systems Inc. (CSII) on Wednesday reported fiscal third-quarter net income of $365,000, after reporting a loss in the same period a year earlier.
The St. Paul, Minnesota-based company said it had net income of 1 cent per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The medical device developer posted revenue of $55.6 million in the period, which met Street forecasts.
For the current quarter ending in June, Cardiovascular Systems said it expects revenue in the range of $57.5 million to $59 million.
The company expects full-year revenue in the range of $215.4 million to $216.9 million.
Cardiovascular Systems shares have declined nearly 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.29, a fall of 23 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