Nevro: Q4 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 $9 million in its fourth quarter.

On a per-share basis, the Redwood City, California-based company said it had a loss of 25 cents. Losses, adjusted for one-time gains and costs, were 15 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 50 cents per share.

The maker of an electrical implant that treats leg and back pain posted revenue of $116.2 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $115.9 million.

For the year, the company reported a loss of $92.2 million, or $2.56 per share. Revenue was reported as $425.2 million.

For the current quarter ending in March, Nevro said it expects revenue in the range of $97 million to $99 million.

The company expects full-year revenue in the range of $435 million to $445 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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