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Cardiovascular Systems: Fiscal 4Q Earnings Snapshot

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.


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