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Novadaq reports 1Q loss

MISSISSAUGA, Ontario (AP) _ Novadaq Technologies Inc. (NVDQ) on Wednesday reported a loss of $14.1 million in its first quarter.

On a per-share basis, the Mississauga, Ontario-based company said it had a loss of 24 cents.

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

The imaging products maker posted revenue of $21.1 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $20.1 million.

Novadaq expects full-year revenue in the range of $98 million to $102 million.

Novadaq shares have fallen 4 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.79, a fall of 36 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 NVDQ at https://www.zacks.com/ap/NVDQ


Keywords: Novadaq Technologies, Earnings Report