U.S. Markets open in 4 hrs 27 mins

Entellus reports 4Q loss

PLYMOUTH, Minn. (AP) _ Entellus Medical Inc. (ENTL) on Tuesday reported a loss of $7.3 million in its fourth quarter.

The Plymouth, Minnesota-based company said it had a loss of 39 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.

The maker of devices used to treat sinusitis posted revenue of $21.7 million in the period.

For the year, the company reported that its loss widened to $28.7 million, or $1.53 per share. Revenue was reported as $75.2 million.

For the current quarter ending in April, Entellus said it expects revenue in the range of $19 million to $20 million.

The company expects full-year revenue in the range of $86 million to $90 million.

Entellus shares have declined 10 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.08, dropping slightly 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