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Novadaq reports 4Q loss

MISSISSAUGA, Ontario (AP) _ Novadaq Technologies Inc. (NVDQ) on Tuesday reported a loss of $18.5 million in its fourth quarter.

The Mississauga, Ontario-based company said it had a loss of 32 cents per share.

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

The imaging products maker posted revenue of $20.1 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $22.8 million.

For the year, the company reported that its loss widened to $52.9 million, or 93 cents per share. Revenue was reported as $80.1 million.

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

Novadaq shares have increased slightly more than 2 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.26, a fall of 24 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