ST. PAUL, Minn. (AP) _ Cardiovascular Systems Inc. (CSII) on Tuesday reported fiscal fourth-quarter net income of $1.5 million.
The St. Paul, Minnesota-based company said it had net income of 4 cents per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 4 cents per share.
The medical device developer posted revenue of $68.2 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $66 million.
For the year, the company reported a loss of $255,000, or 1 cent per share, swinging to a loss in the period. Revenue was reported as $248 million.
Cardiovascular Systems expects full-year revenue in the range of $278 million to $283 million.
Cardiovascular Systems shares have risen 53% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $43.63, an increase of 15% in the last 12 months.