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Inogen: 3Q Earnings Snapshot

·1 min read

GOLETA, Calif. (AP) _ Inogen Inc. (INGN) on Wednesday reported a third-quarter loss of $1.7 million, after reporting a profit in the same period a year earlier.

The Goleta, California-based company said it had a loss of 8 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The produces oxygen concentrators for patients suffering from chronic respiratory conditions posted revenue of $74.3 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $74.9 million.

Inogen shares have fallen 56% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $29.94, a decline of 48% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INGN at https://www.zacks.com/ap/INGN