Nevro: 4Q Earnings Snapshot

Nevro: 4Q Earnings Snapshot

In this article:

REDWOOD CITY, Calif. (AP) _ Nevro Corp. (NVRO) on Thursday reported a loss of $9.6 million in its fourth quarter.

The Redwood City, California-based company said it had a loss of 32 cents per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.

The maker of an electrical implant that treats leg and back pain posted revenue of $107.9 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $107.4 million.

For the year, the company reported that its loss widened to $49.2 million, or $1.64 per share. Revenue was reported as $387.3 million.

Nevro expects full-year revenue in the range of $400 million to $410 million.

Nevro shares have climbed 22 percent since the beginning of the year. The stock has declined 43 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 NVRO at https://www.zacks.com/ap/NVRO

Advertisement