Nevro: Q1 Earnings Snapshot

Associated Press Finance
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REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Nevro Corp. (NVRO) on Wednesday reported a loss of $35 million in its first quarter.

On a per-share basis, the Redwood City, California-based company said it had a loss of 98 cents.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of $1.06 per share.

The maker of an electrical implant that treats leg and back pain posted revenue of $96.3 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $95.3 million.

For the current quarter ending in June, Nevro said it expects revenue in the range of $110 million to $112 million.

The company expects full-year revenue in the range of $445 million to $455 million.

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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 NVRO at https://www.zacks.com/ap/NVRO

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