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Entellus reports 1Q loss

PLYMOUTH, Minn. (AP) _ Entellus Medical Inc. (ENTL) on Wednesday reported a loss of $8.3 million in its first quarter.

On a per-share basis, the Plymouth, Minnesota-based company said it had a loss of 40 cents.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 44 cents per share.

The maker of devices used to treat sinusitis posted revenue of $19.1 million in the period.

For the current quarter ending in July, Entellus said it expects revenue in the range of $20.7 million to $21.7 million.

The company expects full-year revenue in the range of $86 million to $89 million.

Entellus shares have decreased 17 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.80, a rise of slightly more than 9 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 ENTL at https://www.zacks.com/ap/ENTL


Keywords: Entellus Medical, Earnings Report