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Cardiovascular Systems: Fiscal 3Q Earnings Snapshot

ST. PAUL, Minn. (AP) _ Cardiovascular Systems Inc. (CSII) on Wednesday reported fiscal third-quarter earnings of $672,000.

The St. Paul, Minnesota-based company said it had net income of 2 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The medical device developer posted revenue of $63.3 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $62.8 million.

Cardiovascular Systems expects full-year revenue in the range of $245 million to $247 million.

Cardiovascular Systems shares have risen 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $35.40, an increase of 52% 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