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K2M Group reports 4Q loss

LEESBURG, Va. (AP) _ K2M Group Holdings Inc. (KTWO) on Monday reported a loss of $12.5 million in its fourth quarter.

The Leesburg, Virginia-based company said it had a loss of 30 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.

The medical device company posted revenue of $61.8 million in the period.

For the year, the company reported that its loss widened to $41.7 million, or $1 per share. Revenue was reported as $236.6 million.

K2M Group expects full-year revenue in the range of $263 million to $270 million.

K2M Group shares have climbed slightly more than 6 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $21.30, a rise of 71 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 KTWO at https://www.zacks.com/ap/KTWO


Keywords: K2M Group, Earnings Report