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Nevro reports 4Q loss

REDWOOD CITY, Calif. (AP) _ Nevro Corp. (NVRO) on Thursday reported a loss of $9.8 million in its fourth quarter.

The Redwood City, California-based company said it had a loss of 34 cents per share.

The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.

The maker of an electrical implant that treats leg and back pain posted revenue of $70.5 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $66.8 million.

For the year, the company reported that its loss narrowed to $31.8 million, or $1.12 per share. Revenue was reported as $228.5 million.

Nevro expects full-year revenue in the range of $310 million to $320 million.

Nevro shares have increased 30 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $94.25, a rise of 66 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


Keywords: Nevro, Earnings Report