LONDON (AP) _ LivaNova PLC (LIVN) on Wednesday reported a first-quarter loss of $14.8 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the London-based company said it had a loss of 31 cents. Earnings, adjusted for non-recurring costs and amortization costs, were 54 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The medical technology company posted revenue of $250.8 million in the period.
LivaNova expects full-year earnings in the range of $3 to $3.10 per share.
LivaNova shares have declined 25% since the beginning of the year. The stock has dropped 22% 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 LIVN at https://www.zacks.com/ap/LIVN