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Cardiovascular Systems reports 2Q loss

ST. PAUL, Minn. (AP) _ Cardiovascular Systems Inc. (CSII) on Wednesday reported a fiscal second-quarter loss of $413,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the St. Paul, Minnesota-based company said it had a loss of 1 cent.

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

The medical device developer posted revenue of $52.6 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $53.3 million.

For the current quarter ending in April, Cardiovascular Systems said it expects revenue in the range of $55 million to $56.5 million.

The company expects full-year revenue in the range of $215 million to $219 million.

Cardiovascular Systems shares have climbed nearly 6 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $25.01, a decrease of 5 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