REDWOOD CITY, Calif. (AP) _ Nevro Corp. (NVRO) on Thursday reported a loss of $44.1 million in its first quarter.
On a per-share basis, the Redwood City, California-based company said it had a loss of $1.45.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 66 cents per share.
The maker of an electrical implant that treats leg and back pain posted revenue of $82.1 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $87.5 million.
For the current quarter ending in July, Nevro said it expects revenue in the range of $87 million to $89 million.
Nevro shares have increased 61% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $62.57, a decline of 17% 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 NVRO at https://www.zacks.com/ap/NVRO