ST. PAUL, Minn. (AP) _ Cardiovascular Systems Inc. (CSII) on Wednesday reported a loss of $2 million in its fiscal first quarter.
On a per-share basis, the St. Paul, Minnesota-based company said it had a loss of 6 cents.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The medical device developer posted revenue of $49.7 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $50.9 million.
For the current quarter ending in January, Cardiovascular Systems said it expects revenue in the range of $52.5 million to $54 million.
The company expects full-year revenue in the range of $226 million to $233 million.
Cardiovascular Systems shares have increased roughly 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $25.40, a rise of 13 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